Which of the following explains the management function of leading?
A. mobilizing people to engage fully in their work
B. inspiring people to contribute their ideas
C. mobilizing and inspiring people to engage fully in their work and contributing their ideas
D. motivating workers to come to work and execute top management's plans
E. analyzing day-to-day situations and involving workers in all decisions
Ans: C. mobilizing and inspiring people to engage fully in their work and contributing their ideas
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A lottery winner can take $6 million now or be paid $600,000 at the end of each of the next 16 years
The winner calculates the internal rate of return (IRR) of taking the money at the end of each year and, estimating that the discount rate across this period will be 4%, decides to take the money at the end of each year. Was her decision correct? A) Yes, because it agrees with the Net Present Value rule. B) Yes, because it agrees with the payback rule. C) Yes, because it agrees with both the Net Present Value rule and the payback rule. D) Yes, because it disagrees with the Net Present Value rule.
________ are data that are assumed to be constant for purposes of the model
A) Investment returns B) Inflation rates C) Machine capacities D) Production quantities