Christopher Tells His College Advisor, "I Don't Really Care What

question 92

Multiple Choice

Christopher tells his college advisor, "I don't really care what I do for a career. As long as I have a good salary." If his advisor has read Brasher and Chen's (1999) study of recent college graduates, he will tell Christopher that starting salaries have been found to have a ________ correlation with job satisfaction.

• A)zero
• B)low
• C)high
• D)negative

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Definitions:

Discounted

The process of determining the present value of a payment or a series of payments that will be made in the future, taking into consideration a specific interest rate.

Discounted

The process of determining the present value of a future amount, or stream of payments, by applying a discount rate.

Maturity Value

The total amount payable to an investor at the end of a fixed-term investment, including principal and interest.

360-Day Year

A conventional method in finance for simplifying interest calculations, assuming a year has 360 days.