The difference in total costs between two alternatives is referred to as the

a. incremental cost.
b. sunk cost.
c. opportunity cost.
d. direct cost.


A

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Writ of certiorari (cert.) may be granted when:

A. a person does not want to appeal to the Supreme Court. B. the Supreme Court has too many cases to be heard and has no time to take up a new case. C. there have been conflicting decisions in similar cases by different courts of appeal. D. a case has the validity of a federal statute in agreement.

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On May 1, 2013, Legacy Corporation sold $250,000 of its 15%, five-year bonds dated January 1, 2013, for 100 plus accrued interest. How much cash was received?

A) $237,500 B) $250,000 C) $262,500 D) $268,750

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Stocks A and B are quite similar: Each has an expected return of 12%, a beta of 1.2, and a standard deviation of 25%. The returns on the two stocks have a correlation of 0.6. Portfolio P has 50% in Stock A and 50% in Stock B. Which of the following statements is CORRECT?

A. Portfolio P has a standard deviation that is greater than 25%. B. Portfolio P has an expected return that is less than 12%. C. Portfolio P has a standard deviation that is less than 25%. D. Portfolio P has a beta that is less than 1.2. E. Portfolio P has a beta that is greater than 1.2.

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

1. The most intense form of change is reactive and incremental. 2. There is a difference between theories of change and theories of changing. 3. Survey feedback is one of the most commonly employed organizational development techniques. 4.Team building has a strong influence on team performance. 5.Stress has been rising at the workplace due to organizational change.

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