A Large Community College System Recently Opened a New Campus

question 59

Multiple Choice

A large community college system recently opened a new campus. The student services offices at the three existing campuses utilized employees in specialized ways: some employees performed advising; others performed counselling; while still others were financial aid experts. At the new campus, employees are encouraged to learn a variety of tasks, which essentially enlarged their jobs and made them more meaningful. The college's approach is consistent with the strategy of which of the following?

• A) job enrichment
• B) Theory X
• C) scientific management
• D) job education

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Definitions:

Effective Rate

The actual interest rate an individual earns or pays on an investment or loan, taking into account the effect of compounding.

Semi-annually Compounded

This refers to the process of applying interest to a principal balance twice a year, effectively increasing the amount of interest earned or paid over time.

Rate of Return

The profit or deficit incurred on an investment during a certain timeframe, represented as a proportion of the investment's original price.

Maturity Date

The date on which the principal and accrued interest on an investment or loan are due.