All else equal, which bond will tend to have the most stable market value if interest rates fluctuate?
A) Zero-coupon, short-term bond. B) Floating-rate, short-term bond. C) Long-term, low coupon bond. D) AAA rated, intermediate term bond. E) Canadian Government bond.
The following data are available relating to the performance of Seminole Fund and the market portfolio:
The risk-free return during the sample period was 6%. If you wanted to evaluate the Seminole Fund using the M2 measure, what percent of the adjusted portfolio would need to be invested in T-Bills?
Which one of the following contingencies must be accrued on the balance sheet?
A) The likely loss on a lawsuit that the firm's attorneys believe will be dropped. B) The probable loss on a lawsuit that the firm's attorneys believe will be settled for $50,000. C) The reasonably possible loss on a lawsuit that the firm's attorneys believe will be dropped. D) The reasonably possible loss on a lawsuit that the firm's attorneys believe will be settled for $50,000.
Brady forges Cal's signature on a check "payable to the order of Brady" drawn on Cal's account in Downtown Bank. Cal's forged signature is
A) effective if an innocent third party accepts the check. B) effective to the degree that it matches Cal's genuine signature. C) effective to the extent that the bank debits Cal's account. D) not effective.
The textbook states that all organizational structures include the division of labor and coordination of that labor.What do these mean and how does departmentalization contribute to these fundamental requirements?
Division of labor refers to the subdivision of work into separate jobs assigned to different people.Subdivided work leads to job specialization, because each job now includes a narrow subset of the tasks necessary to complete the product or service.As soon as people divide work among themselves, coordinating mechanisms are needed to ensure that everyone works in concert. Departmentalization plays a significant role in the division of labor and coordination of that labor.With respect to division of labor, departmentalization organizes employees into groups based on some delineating factor, such as skill (functional structure), client or geographic focus (divisionalization), or work process (e.g.matrix or team-based structure).For example, a functional structure would necessarily divide employees into skills, so some employees manufacture the product whereas others market the product, manage the accounts, deliver the product, and so on.The categories of departments establish the division of labor.Departmentalization also provides some information about the coordination of work.For example, a team-based structure would rely more on informal communication than would a typical functional structure.
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After an organization downsizes, it may expect much of its remaining employees. This high expectation and demand occur in a state of role ________ for the employees.
A) autonomy B) carve-out C) underload D) distance E) overload