Chad doesn't expect much from his construction job. He punches in, does eight hours, then punches out and goes home. He's not there to make friends. As long as he gets a paycheck and health insurance he's happy
Chad is satisfied at what level of Maslow's hierarchy of needs?
A) esteem
B) self-actualization
C) safety
D) physiological
E) social
Answer: C
Explanation: C) Chad is content in the workplace at the second level of Maslow's hierarchy. This encompasses the need for physical safety and emotional security. Health insurance, job security, and work safety rules satisfy this need.
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Smith Motors Inc manufactures, distributes, and services automotive parts and engines worldwide. Smiths' income statement for the year just ending is shown below
Assume that today is the first day of Year 2 and that Smith's common shares are trading at a price of $68. In its most recent Management Discussion and Analysis (MD&A) Smith's management forecast earnings-per-share of $6 for Year 2. If Smith maintains its Year 1 payout ratio, then what will the dividend (per share) be in Year 2? Smith Motors Inc. Income Statement Year 1 ($000,000's) Revenue $20,995 COGS 15,624 SG&A 2,466 Dep. Exp. 247 EBIT 2,658 Int. Exp. 55 Pre-Tax Income 2,603 Income Tax 898 Net Income 1,705 Shares Outstanding (millions) 205 Total Common Dividends $300.5 A) $0.77 B) $1.06 C) $1.44 D) $1.86 E) $2.06
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