Use the information in Scenario 2.3. What is the normal time for job element #3?

A) greater than or equal to 3 minutes
B) less than 3 minutes but greater than or equal to 2.6 minutes
C) less than 2.6 minutes but greater than or equal to 2.2 minutes
D) less than 2.2 minutes

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Which of the following is true of incentives?

A) They are re-earned each pay period.

B) They permanently increase labor costs.

C) They are linked to subjective performance measures.

D) They reward past behavior to influence future behavior.

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Ahmad bought put options on Verizon with a striking price of $50. The option premium was $2.64. Just before the contract expired, Verizon stock was at 51.39 per share. Ahmad

A) made a profit of $1.39 per share. B) lost $2.64 per share because the option would not be exercised. C) lost $1.39 per share. D) lost $1.20 per share.

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