Which of the following is NOT a common reason that people resist change?

A) habit
B) uncertainty
C) concern over personal loss
D) overconfidence

Answer: D
Explanation: Fear of uncertainty can cause people to resist change. People will also resist change simply out of habit or because they think the new changed conditions somehow threaten what they already have and have worked for. Overconfidence, on the other hand, is not a reason that would cause people to resist change, making that the correct response. If anything, people who are underconfident, not overconfident, in their ability to deal with future unknowns would tend to resist change.

Business

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Shawna Carter wants to invest her recent bonus in a four-year bond that pays a coupon of 11 percent semiannually. The bonds are selling at $962.13 today. If she buys this bond and holds it to maturity, what would be her yield?

A) 11.5% B) 11.8% C) 12.5% D) 12.2%

Business

A customer's check for $1,270 was returned for nonsufficient funds. Which of the following journal entries is needed to adjust for the NSF check?

A) Accounts Receivable 1,270 Cash 1,270 B) Cash 1,270 Sales Revenue 1,270 C) NSF Check 1,270 Cash 1,270 D) Accounts Payable 1,270 Cash 1,270

Business