You Have Been Told That You Need $32,000 Today for Each

question 30

Multiple Choice

You have been told that you need $32,000 today for each $100,000 you want when you retire 28 years from now.What rate of interest was used in the present value computation? Assume interest is compounded annually.

• A)4.15 percent
• B)4.37 percent
• C)4.29 percent
• D)4.53 percent
• E)4.58 percent

Understand the definition, purposes, and benefits of conducting performance appraisals.

Understand the importance and objectives of employee training within an organization.

Recognize the purpose and components of effective employee orientation programs.

Identify different methods and responsibilities involved in conducting orientation.

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Definitions:

Sponges

Simple aquatic animals of the phylum Porifera, characterized by a porous body and a rudimentary structure, feeding by filtering water through their bodies.

General Characteristics

The basic, defining traits or features shared by members of a group, species, or category, providing a broad overview.

Animals

Multicellular, eukaryotic organisms in the kingdom Animalia that are characterized by their ability to move voluntarily, consume organic materials, and have sensory and nervous systems.

Lophotrochozoa

A clade within the animal kingdom that includes organisms with a distinctive developmental stage or feeding structure, such as mollusks, annelids, and brachiopods.