The search for new markets is not __________, with developing economy companies also looking to export to fully-developed economies, such as the U.S. and Canada.

A. A closed system
B. A one-way focus
C. A two-way street
D. An exclusive endeavour
E. A limited effort

Ans: B. A one-way focus

Business

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Steve Coleman has just won the state lottery and has the following three payout options for after-tax prize money

1. $166,000 per year at the end of each of the next six years 2. $306,000 (lump sum) now 3. $518,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the second option. (Round to nearest whole dollar.) Present value of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 0.857 0.842 0.826 3 0.794 0.772 0.751 4 0.735 0.708 0.683 5 0.681 0.650 0.621 6 0.630 0.596 0.564 7 0.583 0.547 0.513 A) $684,000 B) $103,600 C) $414,400 D) $306,000

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With reference to the principles used for combining seniority lists in the event of a merger, the ________ principle gives employees rank positions on the merging seniority lists equal to their rank position on the prior seniority lists

a. associative rank b. ratio-rank c. rank maintenance d. absolute rank

Business