The Stant Shoe Company established a line of credit with a local bank. The maximum amount that can be borrowed under the terms of the agreement is $100,000 at an annual rate of 5%
A compensating balance of 10% of the amount borrowed is required. What is the largest amount of money Stant will actually be able to use from the line of credit?
A) $90,909
B) $90,000
C) $111,111
D) $100,000
Answer: A
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Bounded rationality assumes that the decision maker ________.
A) is completely rational B) relies entirely on emotions, intuitions, and biases C) relies on both rational and emotional thinking D) is completely irrational
As a leader of the meeting it is your responsibility to help participants reach a decision on an issue problem or direction
Answer the following statement(s) true (T) or false (F)
Answer the following statements true (T) or false (F)
1. Normative conformity occurs when individual wants to be accepted by the group. 2. The use of positional sources of power is often more effective than the use of personal sources of power. 3. Power that is based on one’s liking or admiration for a person is known as legitimate power. 4. A minority in a group can never influence the group majority.
Historically, logistical costs ______.
a. have always received a lot of attention in the context of social responsibility b. have been defined solely in terms of morality c. have to be redefined when viewed in terms of environmental impact d. have frequently been the subject of government audits