Carla, 52, Has Been Laid Off Twice in Her Life

question 23

Multiple Choice

Carla, 52, has been laid off twice in her life: once when her employer downsized, and once when her next employer was acquired by a larger rival. Now, after five years with her current employer, she has hit a career plateau. Carla is rather frustrated. Each time she has changed employers, she has "retooled," acquiring more skills and expanding her knowledge base. She decides to consult a career counsellor at her employer. How would the career counsellor likely suggest that Carla should view her career?

• A)as linear
• B)as dysfunctional
• C)as stable
• D)as cyclical

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Definitions:

Compound Interest

This refers to the calculation of interest on both the initial amount deposited or borrowed as well as on the interest that has already been accumulated over previous periods.

Desired Rate of Return

The minimum percentage of gain or profit expected by an investor from an investment.

Compound Interest

Interest earning mechanism in which the calculation includes interest on the original principal and on all previously earned interest of a loan or deposit.

Present Value

Present Value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.