Calculate the expected rate of return for this investment. A) 9.8% B) 7.0%
You are considering investing in a project with the following possible outcomes:
Probability of Investment
States Occurrence Returns
State 1: Economic boom 15% 16%
State 2: Economic growth 45% 12%
State 3: Economic decline 25% 5%
State 4: Depression 15% -5%
C) 8.3%
D) 6.3%
Answer: C
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Which of the following is not an example of wasting assets?
a. mines; b. stands of timber; c. gas wells; d. oil wells; e. trademarks
The process of acquiring raw materials is part of the conversion cycle
Indicate whether the statement is true or false
Steven has a typed copy of a contract, which he would like to have Thomas sign. Thomas, who needs glasses to read typing, doesn't want to sign until he has read the document, but Steven convinces Thomas to sign it anyway, because it is a "standard" contract for this type of situation. Is the contract which Thomas signed binding upon him?
a. No, because he did not read it. b. No, because he entered into it based upon fraud in the execution. c. Yes, because he has made a unilateral mistake of law. d. Yes, because he was negligent in not ascertaining its contents.
________ refers to how attractive the team is to its members, how motivated members are to remain in the team, and the degree to which team members influence one another.
A. Cohesiveness B. Assertiveness C. Locus of control D. Collectivism E. Unity-of-command