MrWill Was Due to Give Evaluations of His Company's Top

question 64

Multiple Choice

Mr.Will was due to give evaluations of his company's top managers in a few days.He had heard little from Chance Wilson,one of his sales managers,for the past eleven months.On looking over Chance's progress record,Will saw that Chance usually met his monthly goals.Nevertheless,he was not an outstanding employee.However,this month Chance had submitted a marketing idea that tripled sales for five slow-moving products.When asked to name the outstanding sales manager of the year,Will could not think of a person more worthy than Chance.Disappointed that they were overlooked,several top managers complained that,in his decision,Will was

• A) allowing poor performance on one activity to influence his overall judgment.
• B) allowing recent performance to be overemphasized.
• C) discriminating on the basis of gender.
• D) overemphasizing some issues and underemphasizing others.
• E) discriminating on the basis of race and age.

Calculate interest expenses and premium or discount amortization for bonds.

Understand the characteristics and financial implications of floating-rate debt.

Recognize the impact of changes in interest rates on the market value of floating-rate debt.

Distinguish between fair value hedge and cash flow hedge.

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Definitions:

Interfere

To become involved in a situation in a way that hinders or obstructs its natural or desired progression.

Goals

Specific, measurable objectives set to be achieved within a defined timeframe, guiding decision-making and effort direction.

Scarce Resources

Resources that are limited in availability and cannot satisfy all the needs and wants that require them for production or consumption.

Different Values

Variations in beliefs, norms, and priorities among individuals or groups.