After Bob and Jillian Deposited Nearly $30,000 in a Savings

question 103

Multiple Choice

After Bob and Jillian deposited nearly $30,000 in a savings account at Farmers National Bank, the bank failed and filed for bankruptcy. Because the Farmers National Bank was an FDIC member bank, Bob and Jillian:

• A) should be protected because their account is fully insured by the FDIC.
• B) can recover up to $20,000, but they will probably lose the rest since their deposits exceed the maximum coverage offered by the FDIC.
• C) will lose their savings because the FDIC only insures business deposits.
• D) will be eligible to recover 80 percent of the value of their deposit, less a $2,500 deductible.

Appreciate the value and components of psychological contracts within organizational settings.

Understand the phases in mentoring relationships and the benefits of mentorship.

Recognize alternative work arrangements as strategies to manage work-life conflicts.

Realize the significance of mentorship roles in career development and progression.

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Definitions:

Future Strategies

Plans and approaches developed to achieve long-term goals and navigate future business environments and challenges.

Business Plans

Detailed documents that outline a company's objectives, strategies, and financial projections.

Decentralised Firms

Companies that grant a high degree of autonomy to their subdivisions or units, allowing for decision-making and operations to be managed locally.

Goal Congruence

The alignment of individual objectives with the overall objectives of the organization, ensuring that all members are working towards the same goals.