A salesperson's bonus for this year is based on meeting targets based on last year's sales. This year turns out to be an unusually good year. The salesperson is likely to:
A. defer some sales to the next fiscal year
B. just be satisfied with meeting last year's target.
C. meet the target easily and push forward with all potential sales.
D. fail to meet the last year's targets because of overconfidence.
Answer: A
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The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418. The cost of a gallon of gasoline was $2.25 in 2005 when the CPI equaled 1.68. The real cost of a gallon of gasoline between 1972 and 2005:
A. may have either increased or decreased. B. remained constant. C. increased. D. decreased.
The sum of the marginal propensity to consume and the marginal propensity to save is always equal to
A) zero. B) 0.5. C) 1. D) 100.
The table below shows how the marginal benefit of pizza dinners varies for Luigi with the number consumed per month.Dinners per monthMarginal benefit per dinner1$4.002$3.003$2.004$1.00Suppose the price per dinner is $4.99 and accurately reflects the marginal cost of the dinners to Luigi. Assuming that Luigi is rational, he will:
A. consume two pizza dinners this month. B. consume three pizza dinners this month. C. not consume any pizza dinners this month. D. consume one pizza dinner this month.
Answer the following statements true (T) or false (F)
1. If the expected rates of return on investments increase, the loanable funds theory predicts that the equilibrium interest rate would decrease. 2. An increase in the expected rates of return on investments would most likely increase the supply of loanable funds. 3. Other things equal, short-term loans usually have lower rates of interest than do long-term loans. 4. For a given future value, the higher is the interest rate, the higher will be the present value. 5. In time-value of money calculations, discounting is the reverse of compounding.