You Need Some Money Today and the Only Friend You

question 92

Multiple Choice

You need some money today and the only friend you have that has any is your miserly friend.He agrees to loan you the money you need,if you make payments of $30 a month for the next six months.In keeping with his reputation,he requires that the first payment be paid today.He also charges you 2 percent interest per month.How much money are you borrowing?

• A)$164.09
• B)$168.22
• C)$169.50
• D)$170.68
• E)$171.40

Understand the influence of global and economic trends on HR practices and the strategic planning process.

Understand how economic climate influences HRM responsibilities.

Recognize the challenges and responsibilities HR faces concerning ethical and social issues within the organization.

Identify the critical factors in strategic planning and environmental scanning.

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Definitions:

Ultra Vires Act

An action taken by a corporation or government body that lies beyond the powers granted to it by law or under its own articles of incorporation or constitution.

Corporate Legislation

Laws and regulations that govern the formation, operation, and dissolution of corporations, including corporate governance, finances, and obligations to shareholders.

Corporate Capital

The financial resources that a company uses to fund its operations, growth, and investments.

Corporate Management

The administrative process involved in overseeing a corporation's operational and strategic directions, including decision-making by top executives and boards of directors.