Ramona Has Decided That She Will Only Purchase a One-Year

question 18

Multiple Choice

Ramona has decided that she will only purchase a one-year Treasury bill with a face value of $15 000 if she receives an interest rate of 4.125%.How much will Ramona end up paying for this Treasury bill?

• A) $12 447.66
• B) $14 381.25
• C) $14 405.76
• D) $15 618.75

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Definitions:

Legitimate Power

Power derived from a person’s position or job in an organization.

Organizational Role

The set of responsibilities, activities, and expectations associated with a specific position within an organization.

Expert Power

Power derived from having special information or expertise that is valued by an organization.

Legitimate Power

The authority to influence or control others based on a position of responsibility within an organization.