A former employee of your firm was dismissed when it was suspected that she had stolen from the petty cash account. It could not be proven, but suspicions were strong enough that the firm decided to let her go. She has now applied at another firm, and listed your firm as a reference. What should you do?
a. tell the prospective employer about your suspicions, or you might be held liable if she steels money from them and you didn't tell them
b. don't tell them about your suspicions; just give her a glowing reference
c. don't tell them about your suspicions; just give a "service" reference
d. any of these is an acceptable choice
C
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Assume the cost of transporting autos from Japan to Canada exceeds the pretrade price difference for autos between Japan and Canada. Trade in autos is
a. impossible without subsidies of some form. b. possible but only with sufficiently high taxes. c. highly profitable but only for the largest firms. d. moderately profitable but only for the smallest firms.
Answer the following statements true (T) or false (F)
1. Opportunities should be identified in the alternative evaluation stage of the decision-making process. 2. Analyzing the underlying causes of a problem or an opportunity is called diagnosis. 3. Women investors make trades much less often than men, do a lot more research, and have better returns on average. 4. When evaluating alternatives in decision making, you must assess cost and quality and also ask the question, "Is it simple?"
Some service desk managers recommend that analysts take a quick look in the mirror before they answer the phone to ensure that they have a relaxed and pleasant facial expression.
Answer the following statement true (T) or false (F)
Suppose you postpone consumption and invest at 9% when inflation is 3%. What is the approximate real rate of your reward for saving?
A) 3% B) 5% C) 6% D) 7%