The authors cite a recent study of MBA programs that compares pre-MBA salaries with post-MBA salaries
For some of the highest ranked schools, the salary difference was roughly $100,000 per year, and the difference was roughly $60,000 for some schools ranked near the bottom of the top 20. Is it possible that the financial returns from an MBA earned at a lower ranked school may actually exceed the returns from a top ranked school? A) Yes, the lower ranked schools may provide a higher net present value for the degree if their tuition is low enough.
B) Yes, but the potential gains depend on the discount rate and not the tuition.
C) No, the salary advantages of the top ranked schools always payoff in the long run.
D) We do not have enough information to answer the question.
A
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When one firm sells a good or service that has no close substitutes and a barrier blocks the entry of new firms, what type of market is this?
A) perfect competition B) only monopoly C) oligopoly D) only monopolistic competition E) either monopoly or monopolistic competition
Advertising costs of a monopolistically competitive firm are ________
A) greater than a monopoly and the same as a perfectly competitive firm B) greater than a perfectly competitive firm C) less than a perfectly competitive firm D) the same as a monopoly
What is a pure monopoly?
What will be an ideal response?
It appears that many business firms discriminate against hiring young women of child bearing age in the United States and that this type of discrimination has been reduced in Europe
This may be an example of successful government intervention because A) many European governments have laws against this type of discrimination. B) many European governments subsidize maternity leave and child care, lowering the cost of hiring these women. C) Europeans are less likely to discriminate on the basis of gender. D) Europeans are more likely to discriminate on the basis of gender.