Jennifer is a junior in college. Her current cumulative grade point average (GPA) is 3.5 out of a 4.0 scale. Jennifer is hoping that by the time she graduates, she can raise her cumulative GPA to a 3.7 . Which of the following statements is correct?
a. If Jennifer earns between a 3.5 and a 3.7 GPA in her senior year, she will be able to raise her cumulative GPA to a 3.7.
b. If Jennifer earns a 3.7 GPA in her senior year, she will be able to raise her cumulative GPA to a 3.7.
c. Jennifer must earn above a 3.7 GPA in her senior year in order to raise her cumulative GPA to a 3.7.
d. Either b or c could be correct.
c
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Jill, a bookkeeper just received an attractive offer from an outside firm. Her opportunity cost, of staying in her current position has
a. Increased b. Decreased c. Not changed d. All of the above
Options are less than perfect as instruments to induce better performance because:
a. they are most often backdated. b. they are independent of market volatility. c. more than 90 percent of options expire worthless. d. executives often take risky decisions to raise the value of their options.
If a town has a monopsony, this means
a. there is only one employer b. price discrimination takes place c. goods are priced too high d. no unions can exist e. excess profits are being made
The biggest barrier to growth for many of the poorest countries in the world is the need for:
A. more physical capital. B. larger populations. C. more human capital. D. improved legal and political frameworks.