Sally Has $3, 000, 000 on Deposit in a Fund

question 48

Multiple Choice

Sally has $3, 000, 000 on deposit in a fund that earns 10% interest compounded annually.How much can Sally withdraw annually from the fund in ten equal annual withdrawals to completely deplete the fund after the tenth draw, assuming the first withdrawal occurs one year from today?

• A)$300, 000
• B)$443, 851
• C)$488, 237
• D)$545, 945

Recognize the phenomena of social loafing and its impact on group productivity.

Identify the characteristics and consequences of groupthink and group polarization.

Appreciate the influence of cultural factors on psychology and behavior.

Understand the concept of group dynamics, including group polarization and groupthink.

---

Definitions:

Generational Cohorts

People born within a few years of one another and who experience somewhat similar life events during their formative years.

Formative Years

A period in a person's life or an organization's existence that is crucial for development and growth.

Legal-political Conditions

Factors related to laws, regulations, and political climate that can affect the operation of businesses and organizations.

Norms

Shared expectations and rules that guide behavior of people within a group or culture.