Under which condition is it acceptable for employees of the opposite sex to receive different pay for doing roughly equivalent work?

A) when the difference exists despite equal skills
B) when the difference exists despite similar responsibility
C) when the difference exists because of a merit system
D) it is never acceptable

Answer: C

Business

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________ placement of securities restricts the ability to resell the securities, thus investors often require ________ interest rates on bonds issued in this manner

A) Private; lower B) Private; higher C) Public; higher D) Public; identical

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Samantha Jee put $3,000 into a mutual fund yielding a 12 percent annual rate of return. Using the Rule of 72, calculate approximately how long it will take for the investment to double in value

A) Two years B) Two years and four months C) Six years D) Seven years and four months

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