Ten years ago, Tom purchased a painting for $300. The painting is now worth $1,020. Tom could have deposited $300 in a savings account paying 12 percent interest compounded annually
Which of these two options would have provided Tom with a higher return?
Using financial calculator: PV =- $300, FV = $1,020, n = 10, PMT =0, CPT I: 13%
Painting has a higher return (13 percent) in comparison to the 12 percent rate of return from the savings account.
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Carmella, a human resources executive, emphasizes to her staff that the department should focus on serving its "customer," the company's employees. Which activity best expresses treatment of employees as customers?
A. telling employees what they must do to meet the needs of the HR department B. directing employees who call to submit their questions in writing on a certain form C. reporting safety performance to the Occupational Safety and Health Administration D. providing employees with the training they need to succeed at work E. keeping records of whether employees complete training when it is required
Which statement best describes a similarity between price fixing and predatory pricing?
A. Both are illegal underthe Federal Trade Commission Act. B. Both are fine-tuning techniquesthat do not change the general price level. C. Bothtypically discourage and block competition from entering a market. D. Bothmay ignore demand or cost or both.
Product unit cost is computed by dividing cost of goods sold by the number of units sold
Indicate whether the statement is true or false
In the ________ stage, a firm most likely faces a trade-off between high market share and high current profit
A) growth B) decline C) maturity D) introduction E) commercialization