When an Employee Is Promoted Instead of More Deserving Co-Workers

question 9

Multiple Choice

When an employee is promoted instead of more deserving co-workers because he has a special relationship with his boss,this is an example of:

• A) the way culture wars happen.
• B) the role of high culture in determining status and rank.
• C) the ideal way to conduct business.
• D) the distinction between ideal culture and real culture.

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Definitions:

Market Rate

The prevailing interest rate available in the overall financial market for securities or loans of a similar risk and maturity profile.

Annual Interest

The total amount of interest payable on a loan, bond, or other financial instrument over the course of a year.

Market Rate

The current interest rate offered in the market for instruments with similar risk and maturity levels.

Present Value Factor

A financial calculation used to determine the present value of a sum of money to be received in the future by accounting for time value of money.