A Company Has Developed a Unique Way to Allow Their

question 2

Multiple Choice

A company has developed a unique way to allow their employees to accumulate $5000 in order to buy $5000 worth of shares in the company.The company will set up an account for each employee,paying interest at j₁₂ = 12%.At the end of every month the company will deduct an amount from an employee's pay and deposit it into this account (first deduction made 1 month from now) .The company has decided to deduct n-payments of $81.25,plus make a smaller concluding deduction one month after the final deduction of $81.25,at which time the employee will have $5000.What is the size of this smaller concluding deduction?

• A)$24.08
• B)$25.66
• C)$25.92
• D)No final deduction is needed

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Definitions:

Organization's Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or organization.

Hofstede's Dimensions

A framework for cross-cultural communication developed by Geert Hofstede, which identifies six cultural dimensions influencing workplace and societal behaviors.

Individualistic Culture

A culture that emphasizes personal achievements and individual rights over collective goals and community well-being.

Organizational Metaphors

Conceptual frameworks that provide insight into the functioning of organizations by likening them to other entities or phenomena.