When an Employer Pays the Cost of Educating a Worker

question 102

Multiple Choice

When an employer pays the cost of educating a worker, it is likely that the employer

• A) is demonstrating altruistic motives.
• B) is pursuing some objective other than profit-maximization.
• C) hopes to recapture its investment in the form of increased labor productivity.
• D) receives reimbursement from the government for the cost of the education.

Know how to compute geometric and arithmetic average returns.

Understand the concept of the real rate of return and its importance in financial analysis.

Be able to identify and calculate the risk premium on various investment types.

Apply concepts of annual coupon and bond pricing in investment return calculations.

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Definitions:

Forgery

A criminal falsification by imitating, impersonating, or altering a real document with the intent to deceive or defraud.

Miranda Rights

The rights that are read to an arrested individual by a law enforcement agent before the individual is questioned about the commission of a crime.

Arraignment

The first appearance in court by the defendant, at which the defendant is advised of the pending charges, the right to counsel, and the right to trial by jury and he or she enters a plea to the charge.

Criminal Law

The body of law that relates to crime and the punishment of individuals who violate laws established for the protection of public order and safety.