Outline the steps in conducting an interview, explaining the important aspects of each step
What will be an ideal response?
Answer: Small business owners can use the "OUCH" test as a guide for determining whether an interview question might be considered discriminatory:
? Does the question Omit references to race, religion, color, sex, or national origin?
? Does the question Unfairly screen out a particular class of people?
? Can you Consistently apply the question to every applicant?
? Does the question Have job-relatedness and business necessity?
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The Board of Directors decided to pay 50% of the firms $460,000 earnings in dividends to the stockholders. The firm has retained earnings of 680,000 on the books. After the dividends are paid which of the following statements is true about the firms retained earnings account?
A. The new value of the firms retained earnings is $910,000 B. The new value of the firms retained earnings is $450,000 C. The firm failed to reach its profit: D. Each shareholder will receive more than he or she received last year E. The firms retained earnings are too high
Your firm is considering an investment that will cost $750,000 today. The investment will produce
cash flows of $250,000 in year 1, $300,000 in years 2 through 4, and $100,000 in year 5. What is the investment's discounted payback period if the required rate of return is 10%? A) 3.33 years B) 3.16 years C) 2.33 years D) 2.67 years