Because of a Family Emergency, John Was Unable to Complete

question 12

Multiple Choice

Because of a family emergency, John was unable to complete a report for his boss. Instead, he asks a coworker to finish it for him and in the morning, John tells his boss that he did the report. Is there anything wrong with John's action?

• A) No, because John's coworker only finished what John had started.
• B) No, because John had a family emergency and his boss don't need the details. The report is done.
• C) Yes, because John told a lie to his boss and put his reputation on the line.
• D) Yes, because John is indebted to his coworker now.

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Definitions:

Ear of Corn

An ear of corn is the part of the corn plant that contains the kernels, which are the seeds of the plant, encased in a husk.

Nominal Interest Rate

The interest rate before adjustments for inflation, often reported on a per annum basis.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing and the real yield to savers and investors.

Inflation Rate

A boost in the average pricing of goods and services across an economy over a distinct timeframe.