Which of the following laws states that behavior that is followed by positive consequences will likely be repeated?
A) the law of consequences
B) the law of repetition
C) the law of demand
D) the law of effect
E) the law of definite proportion
D) the law of effect
Explanation: In 1911, psychologist Edward Thorndike formulated the law of effect: behavior that is followed by positive consequences probably will be repeated.
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Which of the following statements is CORRECT? Assume that all projects being considered have normal cash flows and are equally risky.
A. If a project's IRR is equal to its WACC, then, under all reasonable conditions, the project's NPV must be negative. B. If a project's IRR is equal to its WACC, then under all reasonable conditions, the project's IRR must be negative. C. If a project's IRR is equal to its WACC, then under all reasonable conditions the project's NPV must be zero. D. There is no necessary relationship between a project's IRR, its WACC, and its NPV. E. When evaluating mutually exclusive projects, those projects with relatively long lives will tend to have relatively high NPVs when the cost of capital is relatively high.
Julia suffered a severe stroke and has been admitted to a private hospital where she is expected to remain for the rest of her life. She is certified by a licensed health care practitioner as being a "chronically ill individual." Her hospital expenses amount to $350 per day. She will receive $340 per day from a $500,000 life insurance policy as an accelerated death benefit. In 2018, she was in
the hospital for 10 days and received $3,400. How much of this amount is taxable? A) $0 B) $500 C) $100 D) $3,400
Which of the following functions of management involves comparing actual results with budgeted results?
A. Implementing B. Reviewing C. Planning D. Control
Which of the following guidelines is most likely useful in meeting the needs of traditionals?
A. Providing an organization chart showing reporting relationships B. Providing individual job assignments, and assigning work by projects when possible C. Providing opportunities for growth through exploration and self-discovery D. Providing opportunity for off-the-job social interaction