Gladys Agrees to Lend Kay $1,000 for One Year at a Nominal

question 147

Multiple Choice

Gladys agrees to lend Kay $1,000 for one year at a nominal rate of interest of 5 percent.At the end of the year prices have actually risen by 7 percent.

• A)Gladys earns extra real income.
• B)Kay loses extra real income.
• C)Kay receives extra real income.
• D)Neither party gains or loses if the loan is repaid.

Evaluate and differentiate communication flows within organizations and their effectiveness.

Understand the significance and benefits of social dynamics, such as friendships in the workplace.

Identify ethical issues and behavior in the workplace, including reporting misconduct and handling harassment.

Apply theoretical models to analyze and solve interpersonal and organizational conflict.

---

Definitions:

Cultural Intelligence

The capability to function and manage well in culturally diverse environments.

Motivation

The psychological process that initiates, guides, and maintains goal-oriented behaviors.

Work Centrality

The degree of importance that work holds in one's life.

Loose Cultures

Societal or organizational cultures that have fewer rules, more tolerance for deviation, and a wider acceptance of individual behavior variations.