An Employee of Macro

question 3

Multiple Choice

An employee of Macro.com Corporation is paid $5,000 a month, which she spends regularly throughout the month until she has a zero balance in her checking account at the end of the month.If the corporation changes to a semimonthly payroll schedule, how will the employee's average cash balance change? Assume she does not change her spending pattern when she is now paid twice a month.

• A)It changes from $5,000 to $2,500 per month.
• B)It changes from $2,500 to $1,250 per month.
• C)It changes from $1,250 to $625 per month.
• D)It changes from $500 to $250 per month.

Use Bandura's social cognitive theory to explain behavior assimilation of societal roles.

Compare and contrast theories of self-realization and self-actualization across different psychological theories.

Understand how to calculate confidence intervals and their application to estimating population parameters.

Recognize the effectiveness of mass marketing strategies and their application to commodity goods.

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Definitions:

Interest Rates

The percentage charged on borrowed money or paid on savings accounts, essentially the cost of borrowing or the reward for saving.

Say's Law

A principle that supply creates its own demand in the market.

Recession

A brief era of economic contraction marked by diminished trading and industrial output, commonly indicated by a reduction in GDP across two successive quarters.

Monetarists

Economists who emphasize the role of governments in controlling the amount of money in circulation.