Select the statement that, ethically speaking, best represents a valid concept of what loyalty to a firm means.
A. While a willingness to sacrifice might be a part of loyalty, it would seem that devotion and faithfulness to a common good is both more essential to loyalty and what explains the willingness to sacrifice.
B. Loyalty means a willingness to sacrifice one's own interest by going above and beyond ordinary employee responsibilities.
C. Since the model of agency law lays a legal duty of loyalty on employees, employees clearly have a corresponding ethical responsibility to be loyal.
D. Loyal employees are expected to sacrifice for the firm even though the firm is not necessarily bound to sacrifice for the employee.
Answer: A
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Which is the right formula for B7?
a) =IRR(B2:B5)
b) =IRR(B3:B5)
c) =IRR(B2:B6)
The interest charged by the bank, at the rate of 9%, on a 90-day, discounted note payable for $100,000 is
A) $9,000 B) $2,250 C) $750 D) $1,000
Which theory below is not considered a content theory?
a. Maslow’s hierarchy of needs b. Heinrich’s goal setting theory c. Herzberg’s two-factor theory d. McClelland’s need theory
Which of the following statements regarding a 15-year (180-month) $125,000, fixed-rate mortgage is CORRECT? (Ignore taxes and transactions costs.)
A. The remaining balance after three years will be $125,000 less one third of the interest paid during the first three years. B. Because the outstanding balance declines over time, the monthly payments will also decline over time. C. Interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant. D. The proportion of the monthly payment that goes towards repayment of principal will be lower 10 years from now than it will be the first year. E. The outstanding balance declines at a faster rate in the later years of the loan's life.