The equity theory of motivation is based on the premise that people are motivated first by rewards and then by achievement.
Indicate whether the statement is true or false
Question 2 - Which of the following was a major outcome of the Banking Act of 1933?
A) It established the Federal Reserve as the central bank in the U.S.
B) It banned commercial banks from competing with non-depository institutions.
C) It prohibited fraud in the sale of newly issued stocks and bonds.
D) It created the Securities and Exchange Commission to oversee the securities industry.
Question 3 - Service industries make up about 48 percent of all small businesses.
Indicate whether the statement is true or false
Question 4 - McGines, Inc
Sam McGines, CEO of McGines, Inc, decided that upon his retirement, he would elect his son Derrick to become the new CEO. Sam thought it would be a good idea to have Derrick shadow him at work to understand the roles and responsibilities of a CEO. Derrick shadowed his father for months in order to learn every aspect of the business. Sam knew that the best way for Derrick to learn was to actually perform some of the tasks he did on a daily basis, rather than simply describe them. The company generally focused on short-term financing, and Sam felt that it was important for Derrick to understand the different types of financing. Derrick learned about the type of bonds that the company usually offered to raise capital. These bonds allow the purchasers of the bond to keep them until maturity. Derrick also learned the process of obtaining bonds and the various types of long-term financing methods. Job shadowing was indeed a worthwhile experience for Derrick.
Refer to McGines, Inc From his work experience, Derrick should have learned that ____ has a repayment period of thirty to sixty days.
A) factoring
B) a promissory note
C) commercial paper
D) trade credit
E) a secured loan
Question 5 - The equity theory of motivation contends that people are motivated first to achieve and then by the desire to be rewarded in direct proportion to their contributions.
Indicate whether the statement is true or false
Question 6 - A(n) _____ is a financial intermediary that specializes in helping firms raise financial capital by issuing securities in primary markets.
A) credit union
B) commercial bank
C) savings and loan association
D) investment bank
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