It is determined that it takes 24 years for an investment of $10,000 to grow to $40,000 at a certain interest rate. Using the Rule of 72, what is the approximate value for the interest rate?
a. 3%
b. 6%
c. 9%
d. 12%
b
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As a result of a stock split,
a. an entry must be made showing the effect on stockholders' equity. b. the market price of the outstanding stock will increase because a split is evidence of a profitable company. c. the par value of the stock is changed in the reverse proportion as the stock split. d. the stockholders have a higher proportionate ownership of the company.
According to your textbook, when does organizational learning occur?
a. When the organization becomes more intelligent b. When everyone in the organization remembers and can recite all the established rules, policies and procedures c. When there is a change in an organizations culture such as changes in routines, processes, practices, and stories d. Organizations cannot learn, this is a trick question
Which of the following possible segmenting dimensions is a demographic dimension?
A. benefits sought B. purchase relationship C. rate of use D. brand familiarity E. social class
The lender does not have to strictly comply with the state statute governing foreclosure—substantial compliance is sufficient
a. True b. False Indicate whether the statement is true or false