What Was the Estimated Value of Savings Experienced by Dow

question 38

Multiple Choice

What was the estimated value of savings experienced by Dow Chemical when they introduced a Web-based training system?

• A) 30 million over three years
• B) 50 million in total savings
• C) 30 million in one year
• D) 20 million in the training department

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Definitions:

Strike Call

A term that is likely confused with "call option," which is a financial contract giving the buyer the right, but not the obligation, to buy a stock or other asset at a predetermined price (the strike price) within a specific time frame.

Interest Rate

The fee, in the form of a percentage of the principal, that a lender requires from a borrower for the usage of assets.

Put Option

An agreement in finance that allows the owner to sell a predetermined quantity of a basic asset at an agreed-upon price during a defined period, though they are not required to do so.

Expiration

The end of an agreement or period, after which it is no longer valid or in effect.