Answer:
A
Explanation:
he would be better suited for the position going off his degree
 
        
                    
             
        
        
        
Answer:
The board most likely will not be held responsible.
Explanation:
The board of directors can legally defend themselves based on the Business Judgement Rule. This rule in contained in the <u>Corporations Act of 2001 - Section 180.</u> It states that any decision made in regards to the business operations should be: 
- In good faith and not based on personal gain
- In the best interest of the corporation
- Based on information that supports the decision
For this particular case, the board based their decision on <em>previous market research</em> that received positive feedback.
 
        
             
        
        
        
Answer:
Present value= $62,722.875≈ $62,723
Explanation:
To calculate present value use this formula
Present value= Yearly payment*{[1-(1+rate)^-period]/rate}
Present value= 8,500*{[1-(1+0.11)^-16]/0.11}
Present value= 8,500* {0.8117/0.11}
Present value= 8500*7.379= $62,722.875
 
        
             
        
        
        
Answer:
Second National  Bank
Present value (PV) = $5,400
Future value (FV) = $13,900
Interest rate (r) = 10% = 0.10
FV = PV(1 + r)n
$13,900 = $5,400(1 + 0.10)n     
<u>$13,900</u> = (1.10)n
$5,400            
2.574074074 = (1.10)n
Log 2.574074074 = n  log 1.10
<u>Log 2.574074074</u> = n  
Log 1.10                   
n =  9.9 years      
None of the answers is correct                                                                                                                                                          
Explanation:
In this case, we will apply the formula of future value of a lump sum. The present value, interest rate and future value were provided with  the exception of number of years. Thus, the number of years becomes the subject of the formula. The future value equals present value, multiplied                     by 1 plus interest rate, raised to power number of years.                                                                                                                                                                                                        
 
        
             
        
        
        
Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.
- Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency. 
Therefore, When there is  an economy efficiency,  there would be maximization of total surplus.
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