Ernesto's Business Is Growing at a Steady Rate, but He

question 150

Multiple Choice

Ernesto's business is growing at a steady rate, but he knew he can always do better! In order to capture more business, he would have to hire a few more sales professionals to sell into new markets. As he contemplated his staffing needs, his sister who worked in HR informed him that he needed to do a job analysis before hiring. Which of the following would be a logical part of a job analysis for a sales position?

• A) asking the current sales reps to create a log of their daily and weekly activities
• B) asking the HR specialist to create an online application for the position(s)
• C) training new recruits
• D) determining how many sales reps other companies typically have on staff

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Definitions:

Compound Annual Return

The rate at which an investment grows annually over a specified period, taking into account the effect of compounding.

Diversified Canadian Equity Funds

Investment funds that spread their holdings across a wide range of Canadian stocks to mitigate risk and maximize returns.

Initial Investment

The initial amount of money put into a project, investment, business venture, or financial asset.

Compounded Monthly

A process where the interest earned on an investment is calculated and added to the principal each month, thus earning interest on interest.