A $10,000, 6%, 60-day note is received today. Because the business is short of cash, the note is discounted with a lender immediately (same day). If the discount rate charged by the lender is also 6%, what will be the amount of the interest expense incurred on this transaction?
a. $100
b. $1
c. $10
d. $50
e. None of the above
b
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Last year, Acme Global hired 25 customs brokers. At the end of the year, only 10 were still working for the organization. The organization’s new hire turnover was ____ percent.
A. 20 B. 40 C. 60 D. 80 E. 90
According to the case “Ursula Burns—Xerox’s Inspiring Leader,” she was able to rise up the ranks at Xerox because
a. she was high on the need for power b. she was good at establishing relationships with mentors c. although she lacked “people skills,” her engineering genius led to several highly profitable patents and inventions d. her wealthy family and social background give her important contacts with influential members of the executive team
Prioritise the main strategic issues that Korres faces and examine critically the implications of each. Find evidence to support the analysis.
What will be an ideal response?
Tina is a real estate broker who has been asked to sell a property by a client. The property is exactly what she has wanted for herself. She knows the seller is unaware of the value of the property and is relying on her to make the best decision. She knows if she markets it aggressively, she can get several thousand dollars more for the property than the seller is asking. Tina talks to her son and asks him to buy the property in his name, with her funds, and to transfer the property to her after the transaction is completed. She contacts her client and tells him she has a buyer ready who is offering to purchase the property for a thousand dollars over the listing price. The seller agrees to the sale unaware of the other issues involved. As it relates to the topic of this chapter, which of
the following best describes Tina's actions? A. Tina has sacrificed a thousand dollars more than she needed to pay for the property. B. Tina has no ethical issues because the seller received more money in the transaction than the listing price. C. Tina has knowingly engaged in a conflict of interest. D. Tina helped her client enter a transaction in which everyone benefitted.