Mr Bubble Wants to Sell His Bubble Machine for $1,000,000

question 96

Multiple Choice

Mr. Bubble wants to sell his bubble machine for $1,000,000, but it might take awhile before it is valued that high. He bought it for $149,000 and is earning annual interest of 10% on the machine. How long will Mr. Bubble have to wait before the machine is valued at $1,000,000?

• A) 20 years
• B) 10 years
• C) 5 years
• D) More than 20 years

Comprehend the necessity of teamwork and effective communication in achieving organizational goals.

Analyze the role of emotional intelligence in effective management and leadership.

Evaluate the impact of management on organizational effectiveness and efficiency.

Articulate the relationship between management competencies and the demands of managerial roles.

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Definitions:

Corporate Officer

Executives who are appointed by a corporation's board of directors to manage the corporation's affairs.

Day-To-Day Operations

The regular, routine activities necessary for a business or organization to function effectively.

Model Business Corporation Act

A standardized set of laws designed to regulate business corporations, serving as a guide for state legislatures in drafting their corporate statutes.

Codification

The process of collecting and restating the law of a jurisdiction in certain areas, usually by subject, forming a legal code.