When the VP of Marketing Selected the New Product Development

question 27

Multiple Choice

When the VP of marketing selected the new product development team members,he made sure there was a mix of ages,genders,and ethnicities on the team.This VP is most concerned with ________.

• A)people management
• B)organization performance
• C)organization strategy
• D)legal compliance

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Definitions:

Discounting Note Receivable

The process of reducing the value of a note receivable to reflect its current worth by applying an interest rate.

Endorsing Note

A legal act of signing the back of a negotiable instrument, such as a check, to assign its benefits to another party.

Bank Discount Rate

The interest rate at which a country's central bank lends money to domestic banks, often used as a benchmark for other interest rates.

Proceeds of the Note

The total amount of money received from issuing a note payable, including the principal and any interest.