Agatha Has Worked for Ten Years in the Public Relations

question 118

Multiple Choice

Agatha has worked for ten years in the public relations department of a large firm. She has been promoted to several higher paying managerial positions,but never to an executive position,even though she has directed several successful projects for the firm. Her lack of promotion MOST likely illustrates ________.

• A)the "glass ceiling"
• B)the "glass elevator"
• C)the "mommy track"
• D)sexual harassment

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Definitions:

WACC

The Weighted Average Cost of Capital represents a method for determining a company's capital cost, with each type of capital being weighted according to its proportion.

Cost of Retained Earnings

The opportunity cost to shareholders for having a company retain earnings instead of paying them out as dividends.

Flotation Costs

Expenses incurred by a company in issuing new securities, including legal, administrative, and underwriting fees.

Constant Rate

A fixed percentage or value that does not change over a specified period of time, often used in financial formulas to calculate growth or decay.