A Noted Economist Is Not Applying for a Position as a Professor

question 63

Multiple Choice

A noted economist is not applying for a position as a professor at a large university even though he is well-qualified for the position.The economist's wife is dean of the college of business administration,where the economics department is housed.The economist is prevented from applying for this job because of the university's policy on

• A) employing non-citizens. The economist is Icelandic and has a work visa.
• B) the hiring of male faculty. This is a women's university.
• C) affirmative action. The economist is a white male.
• D) nepotism. Jillian would be her husband's boss.

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Definitions:

Cash Budget

A budget that estimates cash inflows and outflows over a specific period of time, aiding in managing the company's cash balance.

Loan Balance

The remaining amount owed on a loan, not including future interest, at any given time.

Minimum Cash Balance

The lowest amount of cash that a company or individual aims to hold in order to meet short-term obligations.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping organizations manage their liquidity and cash reserves.