The previous value of a portfolio that must be reattained before a hedge fund can charge incentive fees is known as a

A. benchmark.
B. water stain.
C. water mark.
D. high water mark.
E. low water mark.


D. high water mark.

The previous value of a portfolio that must be reattained before a hedge fund can charge incentive fees is known as a high water mark.

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Dwight, Dane & Associates, a consulting firm with offices in seven countries, is bringing together employees from all locations for a leadership training event. Which consideration is most affected by the international nature of the workforce?

A. management's interest in the topic B. the employees' motivation level C. the need to have training objectives D. cultural differences E. the need to measure training outcomes

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Contracts are always sufficient to govern supplier transactions and prevent supplier opportunism

Indicate whether the statement is true or false

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The purpose of the Occupational Safety and Health Act is to prevent work-related injuries, illnesses, and death.

Answer the following statement true (T) or false (F)

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Under copyright law, the doctrine of works for hire states that:

A) if an employee prepares a work within the scope of her employment, her employer is considered the author of the work. B) if an employee prepares a work within the scope of her work, the employee is considered the author of the work for copyright purposes. C) if the work is specially ordered or commissioned, it is always considered, for copyright purposes, the work of the employer. D) a person's original creations, if committed to tangible form, are always considered to be authored by the actual creator in the law of copyright.

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