A company with $800,000 in operating assets is considering the purchase of a machine that costs $75,000 and which is expected to reduce operating costs by $20,000 each year. The payback period for this machine in years is closest to:

A) 40 years.
B) 10.7 years.
C) 0.27 years.
D) 3.75 years.

The human relations movement began with the Hawthorne studies.

In the context of job-analysis techniques, the Fleishman job-analysis system:

A) relies on the taxonomy of abilities that presumably represents all the dimensions relevant to work.
B) is the most common approach to job analysis.
C) does not require a great deal of training for someone to complete.
D) focuses on the critical behaviors that differentiate effective performers from ineffective performers.

A company that owns more than 50% of the common stock of another company is known as the

A) charge company.
B) subsidiary company.
C) parent company.
D) management company.

The treasurer is in charge of accounting while the controller supervises most other financial functions.

A bond promises to pay $500 in one year and $10,500 in two years. What is the correct way to find the present value of this bond?

A) $500(1 + r) + $10,500/(1 + r) ²
B) $500/(1 + r) + $10,500/(1 + r) ²
C) $11,000/(1 + r) ²
D) $500(1 + r) + $10,500(1 + r) ²

If one person's consumption of a good does not preclude another's consumption, the good is said to be

A) nonrival in consumption.
B) rival in consumption.
C) nonexcludable.
D) excludable.

Because top managers may be more insensitive to ethical issues due to their focus on financial performance, the FSGO guidelines suggest that ethics officers report to the _____ instead.

A) stock market
B) board of directors
C) middle managers
D) customers
E) stakeholders

In a sentence,explain what path-goal theory is designed to explain.