Answer:
The correct answer is C) Extrinsic reward
Explanation:
Extrinsic reward is reward that an employer gives to an employee in compensation for the achievement of something. In this case, what is achieved is very vague ("good work") but in a real firm, it could be something more specific. For example, a sales manager could reward his top selling employees with a monthly salary bonus.
Answer:
Going to college has an opportunity cost of not working or working less. Buying a car has an opportunity cost of not being able to save as much. Buying a house could have an opportunity cost of not being able to travel. Opportunity cost is the choice you give up when selecting something else.
Explanation:
Answer:
$46.31
Explanation:
Calculation to determine the current share price
Using this formula
Current share price=6.5*Present value of annuity factor(9.1%,12)
Present value of annuity=Annuity*[1-(1+interest rate)^-time period]/rate
Let plug in the formula
Current share price=6.5*[1-(1+0.091)^-12]/0.091
Current share price=6.5*[1-(1.091)^-12]/0.091
Current share price=6.5*7.124793
Current share price=$46.31
Therefore the current share price will be $46.31
Answer:
Chuck must be less than $260,000
Explanation:
The economic decision rule is: Do it if that marginal benefit exceeds the marginal cost and Since Chuck was unwilling to purchase the house at $260,000, we can deduce that the marginal benefit of purchasing the house must be less than $260,000 due to the fact that the seller turns down the offer but says she will sell the house for $260,000.
