Refer to the Following Hypothetical Transitional Matrix for an Auto

question 21

Multiple Choice

Refer to the following hypothetical transitional matrix for an auto parts manufacturer. Which of the following job categories saw the highest percent of its employees get promoted in 2004?

• A)Sales representatives
• B)Managers
• C)Credit specialists
• D)Loan officers
• E)Clerks

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Definitions:

Common Stock

Equity without priority for dividends or in bankruptcy.

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset at a predetermined price within a specific time frame.

Exercise Price

The rate at which a call option allows buying or a put option allows selling of the underlying financial instrument or commodity.

Put Option

A contractual agreement allowing the possessor the choice, not the duty, to dispose of a particular volume of an underlying asset at an agreed-upon rate before a certain deadline.