Nick Invests $50 000 Today and the Fund Guarantees an Ordinary

question 85

Multiple Choice

Nick invests $50 000 today and the fund guarantees an ordinary annuity of $12 345 for six years.What is the approximate rate of return?

• A)11.6 percent
• B)8)0 percent
• C)12.5 percent
• D)Insufficient information to calculate

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Definitions:

Theory X

Douglas McGregor’s Theory X and Theory Y framework grew from the human relations movement.

Ethnocentric Attitude

A viewpoint that one's own culture or ethnicity is more important or superior to others, often leading to biases in judgment and behavior.

Systems-Oriented View

An approach that considers the organization as a system composed of interrelated and interdependent parts, focusing on how changes in one part affect the whole.

Staffing Activities

Staffing Activities involve the process of recruiting, selecting, hiring, and training employees to fill various roles within an organization.