By the Rule of 72, what annual interest rate would be required to turn $100 into $200 in approximately six years?
A) 4%
B) 8%
C) 12%
D) 16%
Answer: C
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Which of the following is true of W. Edward Deming's beliefs about the total quality management philosophy?
A. Quality of supervision should be improved by allowing more time for supervisors to work with employees. B. Management should embrace the philosophy that mistakes are often acceptable. C. Work standards should be defined only as numbers or quotas. D. Achieving better quality requires commitment more at the top management than at any other level. E. Management should create an environment in which employees will follow recommendations rather than recommend changes.
The uniform law, issued in 1984 by the Committee on Corporate Laws of the American Bar
Association, that regulates the formation, operation, and termination of corporations is: A) The Uniform Commercial Code. B) The Model Business Corporation Act. C) The Revised Model Business Commercial Code. D) The Standard Incorporation Act.