Josh Wallace, a Sales Executive, Has Recently Been Promoted to the Position

question 51

Multiple Choice

Josh Wallace, a sales executive, has recently been promoted to the position of sales manager at Synergy Corporation Bank. He has in the past gained a strong track record of making the highest number of sales in his branch. During his first few months as a manager, he regularly appreciated and acknowledged the team's efforts because he knew that it was the driving force behind high performance. However, the company has recently expressed its dissatisfaction with Josh's team as it has consistently failed to meet the sales targets of the branch. Which of the following, if true, would best explain this situation?

• A) The bank had an existing list of contacts which was shared with the team.
• B) The team was allotted areas with families from high income groups.
• C) There has been a sharp rise in the country's citizens' purchasing power.
• D) Josh had prior experience in leading large sales teams.
• E) The team was motivated by extrinsic factors instead of intrinsic factors.

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Definitions:

Nominal Interest Rates

Interest rates that have not been adjusted for inflation, reflecting the rate of interest paid by borrowers or earned by investors.

Pure Discount Securities

Financial instruments that are sold at a discount from their face value and pay no interest until maturity, such as zero-coupon bonds.

Clean Price

The price of a bond excluding any interest that has accrued since issue or during the last coupon payment.

Dirty Price

The price of a bond that includes accrued interest, in contrast to the clean price which excludes it.