Wells Fargo and Company Is a Financial Services Firm That

question 43

Multiple Choice

Wells Fargo and Company is a financial services firm that provides banking, insurance, and mortgage services at 10,000 stores nationwide. Wells Fargo offers its employees many professional development opportunities such as training programs and tuition reimbursement. Wells Fargo executives are considering the expansion of the firm's existing training programs after employees have expressed strong interest in the idea. Which of the following, if true, best supports the argument that Wells Fargo should integrate computer simulations into its training program for bank tellers?

• A)The Wells Fargo intranet-based learning portal provides employees with access to a variety of training courses.
• B)Wells Fargo is one of the few financial institutions to require all employees to participate in at least 30 hours of training each year.
• C)Wells Fargo bank tellers use electronic performance support systems to assist them with handling complicated bank transactions.
• D)Employee surveys indicate that many Wells Fargo bank tellers are uncertain about the best methods for handling angry customers.

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Definitions:

Par Value

The face value of a bond or stock as stated in the corporate charter, which is the minimum amount the security can be sold for upon its initial offering.

Treasury Stock

Stocks that the company originally issued and then bought back, decreasing the total number of shares available for trading on the public market.

Common Stock

Represents ownership shares in a corporation, giving holders a claim on part of the company's profits in the form of dividends and voting rights.

Par Value

The face value or nominal value of a security as stated by the issuer, often used in reference to stocks and bonds.