The triangular architect's scale contains ____ scales.
A. three
B. four
C. five
D. six
E. none of the above
Answer: E
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Inbreeding is the mating of closely related animals
Indicate whether this statement is true or false.
Which of the following occurs when a technologically advanced country fails to fairly compensate the nation from which it secured materials?
a. bioprospecting c. biopiracy b. bioethicism d. bioregulation
Radio Frequency Identification (RFID) is a technology used by drivers with “speed passes” at toll booths and ranchers who track livestock from “farm to fork.” Thrift-Mart is implementing the technology to track products within its stores. The RFID-tagged products will result in better inventory control and save the company $1.3 million per month beginning 3 months from now. How much can the company afford to spend now to implement the technology at an interest rate of 12% per year, compounded monthly, if it wants to recover its investment in 2½ years? Also, write a spreadsheet function to display the answer.
What will be an ideal response?
A young couple planning ahead for their retirement has decided that $3 million is the amount they will need in order to retire comfortably 20 years from now. For the past 5 years, they have been able to invest one of their salaries ($50,000 per year, which includes employer contributions) while living off the other salary. They plan to start a family sometime in the next 10 years and when they will have their first child, one of the parents will quit working, causing the savings to decrease to $10,000 per year thereafter. If they have realized an average ROR of 10% per year on their investments, and expect to continue at this ROR, is reaching their goal of $3 million in 20 years sensitive to when they have their first child (i.e., between now and 10 years from now)? If so, how
many years from now will they have to wait before they have their first child? Use a future worth analysis. What will be an ideal response?