As a new employee of an office supply superstore, Kevin has been told he will receive structured training. What does this mean?
A. Kevin will be in the initial training process for at least one year.
B. Kevin will take a written test to determine if he has the skills needed to do the job.
C. Kevin will acquire basic skills and knowledge needed to do his job.
D. Kevin will learn from his mistakes by performing his job in a store.
E. Kevin will be fired if he makes a mistake once he is at the job site.
Answer: C
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Answer the following statements true (T) or false (F)
1) Management's minimum desired rate of return on a capital investment is known as the return on investment. 2) The residual value is discounted as a single lump sum because it will be received only once, when the asset is sold. 3) The net present value method of evaluating capital investments suggests that an investment with discounted net cash inflows which exceed the initial cost of the investment is desirable. 4) The present value of future cash inflows received in earlier years is higher than future cash inflows received in later years. 5) An opportunity cost is the benefit foregone by choosing an alternative course of action.
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Indicate whether the statement is true or false.
In which of the following cases discussed in the text was the manufacturer held liable based on failure to warn:
a. a gun manufacturer whose guns jammed, causing them to misfire b. a diet food producer that failed to provide adequate warnings about using the adult diet food as baby food c. a trampoline manufacturer that failed to put its warnings in French d. all of the other specific choices are correct e. none of the other specific choices are correct
Naida Baronowski is an American fashion designer who has a design firm in Chicago. Naida has been successful in the U.S. and wants to expand her operation overseas. She hopes to open shops in Paris, Milan, Madrid, Rome, Vienna, and Moscow in the next several years. Naida is unfamiliar with foreign operations. She comes to you, her attorney, for advice about how she should pursue her goal of
becoming an international fashion company. If Naida keeps her Joliet plant, and ships her clothes from the U.S. to Paris, Madrid, and other cities, she may be subject, in the U.S., to: a. import restrictions b. tariff controls c. export regulations d. ad valorem taxes e. licensing fees