A perpetuity pays $550 at the end of every month. The PV of the perpetuity is $36,000. What is the effective interest rate (EIR) on the perpetuity?

The revolution in management that is currently underway suggests that the most effective managers of the future will:

A. be very strict in their treatment of workers. B. emphasize individual initiative rather than teamwork. C. specialize in performing one of the four management functions. D. be skilled communicators and team players.

Harvey's Bookstore is a popular online bookstore that has differentiated itself through smooth-functioning delivery networks. This is an example of ________ differentiation

A) product B) image C) price D) channel E) people