Assume the U

question 14

Multiple Choice

Assume the U.S. one-year interest rate is 8 percent, and the British one-year interest rate is 6 percent. The one-year forward rate of the pound is $1.97. The spot rate of the pound at the beginning of the year is $1.95. By the end of the year, the pound's spot rate is $2.05. Based on the information, what is the effective financing rate for a U.S. firm that takes out a one-year, uncovered British loan?

• A) about 12.4 percent
• B) about 7.1 percent
• C) about 13.5 percent
• D) about 10.3 percent
• E) about 11.4 percent

Understand the impact of organizational practices on diversity and discrimination in hiring.

Recognize the importance of employee referrals and their potential effects on organizational diversity.

Identify effective strategies for engaging passive job seekers.

Understand the significance of realistic job previews in the recruitment process.

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Definitions:

Ethical Relativism

The theory that suggests morality is relative to the norms of one's culture, meaning that what is morally right for one society may be wrong for another.

Deontological

An ethical theory that suggests actions are morally right based on adherence to rules or duties, regardless of the consequences.

Safest Vehicle

A subjective term often used in consumer information to describe a vehicle that meets or exceeds safety standards and has a low rate of accidents or injuries associated with it.

Intuitionism

A philosophical theory asserting that moral truths are known by intuition, independent of empirical evidence or logical deduction.