Following the Birth of His First Child, RC Simpson, a Software

question 122

Multiple Choice

Following the birth of his first child, RC Simpson, a software designer for Microsoft, wished to spend more time with his family. He asked his employer if he could perform a portion of his work at home and come into the office only Tuesday through Thursday. Microsoft allowed it. By allowing RC to work at home on Mondays and Fridays, Microsoft practices ____ as a motivational technique.

• A) employee empowerment
• B) flextime
• C) job sharing
• D) part-time work
• E) telecommuting

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Definitions:

Dirty Price

The price of a bond that includes accrued interest in addition to the bond's face value.

Yield to Maturity

The total return anticipated on a bond if the bond is held until it matures, including all interest payments and the repayment of principal.

Real Rates

The interest rate after adjusting for inflation, reflecting the real cost of borrowing and the real yield to investors.

Coupon

The interest rate stated on a bond when issued, which is paid by the issuer to the bondholder at specified intervals.