Which of the following strategies makes no sense?
A. An employee exercises stock options early and sells the stock. No dividends are expected
B. An employee exercises stock options early and keeps the stock. No dividends are expected
C. An employee exercises stock options early and sells the stock. Dividends are expected
D. An employee exercises stock options early and keeps the stock. Dividends are expected.
B
An exchange-traded call option on a non-dividend-paying stock should never be exercised early. The only reason for exercising an employee stock option is monetize it. (The option cannot be sold). But to monetize the option the shares of stock that are obtained must be sold.
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Jamal purchased a motorcycle from Getaway Automobiles, and the motorcycle's electric starter began malfunctioning after a week of the motorcycle's purchase. Jamal returned the motorcycle to the store, and the manager assured him that it was only a minor problem that could be fixed easily. In the next two months, Jamal visited the store five times for rectification of the same issue. Finally, he gave up and demanded that he get a cash back for the faulty motorcycle. Under these circumstances, which of the following is most likely to be true?
A. Jamal is entitled to revoke acceptance because he took back the motorcycle after the seller's assurance that the nonconformity would be cured. B. Jamal can revoke his acceptance but is not entitled to damages for breach of warranty. C. Jamal is not entitled to revoke acceptance of the goods because he has used it. D. Jamal cannot revoke his acceptance because the value of the motorcycle is impaired by its use for over two months.
If employees lack the tools to reach the challenging goals they have set, they will become frustrated and disenchanted.
Answer the following statement true (T) or false (F)
During which stage of the financial life cycle do many people make their biggest investment, the purchase of a home?
A) Stage 1: wealth accumulation B) Stage 2: the golden years C) Stage 3: the retirement years D) Stage 4: the formative years
Susan works in a sterile laboratory that requires her to scrub and put on protective clothing. Which of the following acts determines whether she should be paid for this time?
A. The Health Care Workers Protection Act B. The Portal-to-Portal Act C. The Fair Labor Standards Act D. The Occupational Safety and Health Administration Act