Informal efforts, as opposed to official job assignments, in which employees work to create new products and processes of their own choosing and initiative refer to
A. sponsorship.
B. spin-offs.
C. horse trading.
D. bootlegging.
E. skunkworks.
Answer: D
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In the two-period model, suppose a household's income in the first period is $40,000, income in the second period is $50,000, and the real interest rate is 25 percent. By how much would the household's maximum spending in the first period increase if income in the second period increased to 60,000?
A. $6,000 B. $8,000 C. $10,000 D. $12,000
You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will have $13,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning?
A. 7.62% B. 8.00% C. 8.40% D. 8.82% E. 9.26%
If an employee in a bad mood is told to “fake it until they make it” based on the organization’s expectations, it may cause ______.
A. emotional resentment B. emotional dissonance C. emotional upheaval D. emotional breakdowns
A corporation has 60,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be:
A) 60,000 B) 10,000 C) 300,000 D) 30,000