You are ready to retire. A glance at your 401(k) statement indicates that you have $750,000. If the
funds remain in an account earning 9.0%, how much could you withdraw at the beginning of each
year for the next 25 years?
A) $55,620 B) $35,830 C) $2,500 D) $70,050
D
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If people have rational expectations,
A. the stock market may be overvalued. B. the stock market may be undervalued. C. stock prices are nonvolatile. D. stock prices always equal their fundamental value.
Marigold Servers, a web services firm, has experienced a 7% decline in revenues in consecutive quarters. In an effort to reduce operating costs, managers reduced the customer service staff from 12 employees to 6. Management also enlisted the remaining employees to help produce a new company vision:Â to give customers of all budgets a customizable, stress-free web hosting experience. What is wrong with this scenario?
A. Internal stakeholders were not invested in defining the vision. B. Marigold's organizational structures do not align with the vision. C. Marigold's vision is not aspirational. D. Marigold's vision is not customer-oriented.
Answer the following statements true (T) or false (F)
1. The outstanding organizations are experienced enough to anticipate all the many different things guests will do, ask for, and expect from them. 2. Everything the organizational leadership says and does should be consistent with the organization’s subcultures. 3. Organizational culture is crucial in filling in the gaps between what the organization can anticipate and train its people to deal with and the opportunities that arise in the daily encounters with a wide variety of guests. 4. The more tangible the service product, the stronger the cultural values, beliefs, and norms must be to ensure that the guest service employee provides the quality and value of guest experience that the guest expects and the organization wants to deliver. 5. Because they are often lonely, bored, and looking for contact with others, older retired people often make excellent hospitality employees.
Once the prototype of Wainwright Industries' new riding lawnmower, made especially for women, passes concept testing, the next step is ________
A) commercialization B) focus group surveys C) concept development D) post-testing E) marketing strategy