Pay differentials need to be greater to be meaningful, especially ________

A) at lower job levels
B) at higher job levels
C) during periods of recession
D) during periods of inflation

Answer: B

Business

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Innovative Inc is experiencing a boom for the products it has introduced recently. The estimated annual sales projected for the next five years are given in the following table. The current capacity is equivalent to only $100 million sales

The company is considering the alternative of expanding capacity to an equivalent of $250 million sales. Assume a 25 percent pretax profit margin. What is the increase in total pretax cash flow (summed over all years) that would be enjoyed because of the expansion? Year Annual Sales (in $ million) 1 100 2 140 3 170 4 200 5 250 A) less than or equal to $40 million B) more than $40 million but less than or equal to $70 million C) more than $70 million but less than or equal to $100 million D) more than $100 million

Business

Assume you have a choice between two deposit accounts. Account X has an annual percentage rate of 12.25 percent but with interest compounded monthly. Account Y has an annual percentage rate of 12.20 percent with interest compounded continuously

Which account provides the highest effective annual return?

Business