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Which of the following is true of money market instruments?   a.  Their yields are highly correlated over time.   b.  They typically sell for par value when they are initially issued (especially T-bills and commercial paper).   c.  Treasury bills have the highest yield.   d.  They all make periodic coupon (interest) payments.   e.  Their yields are highly correlated over time AND they typically sell for par value when they are initially issued (especially T-bills and commercial paper).   ANSWER:   a POINTS:   1 DIFFICULTY:   Moderate

Exchange-traded funds (ETFs)?    a.  are traded on an exchange, and their share price changes throughout the day   b.  represent only bonds   c.  are actively managed   d.  None of these are correct.   ANSWER:   a POINTS:   1 DIFFICULTY:   Moderate

Funds that are designed to mimic particular stock indexes and are traded on a stock exchange are known as:   a.  index mutual funds   b.  exchange-traded funds   c.  money market fund   d.  None of these are correct.   ANSWER:   b POINTS:   1 DIFFICULTY:   Moderate

​Which of the following statements is incorrect?   a.  ​ETFs are like index mutual funds in that the share price adjusts over time in response to changes in the index level.   b.  ​ETFs normally do not have capital gains and losses that must be distributed to shareholders.   c.  ​The portfolio management of both ETFs and index mutual funds is very complex.   d.  ​ETFs can be traded throughout the day.   ANSWER:   c POINTS:   1 DIFFICULTY:   Moderate

Which law protects against discrimination due to sexual orientation or transgender status? Note- your book does not say this, but you can look in google or online. 

Ron Swanson, Roy Kent and Michael Scott have created a successful ice cream company. They are now trying to expand our ice cream business in the US with the multiple ice cream shop. You have been brought on as a HR consultant to focus on employee morale, well being and culture while we grow. They want to learn more about the Lily Ledbetter Act. Please define and provide an example tied to the scenario. How concerned should they be about this? Why?   

Expense Ratio

Snape refuses to hire anyone who requires accommodation in the workplace due to having different abilities or a disability. He worries it will make his workplace less competitive if he hires individuals who need such accommodations. What law prevents this?

You work in a local flower shop. Your boss compares every cashier to every other cashier and follows this same process throughout the entire shop until every cashier is compared to every other employee. What is this known as?

Cory’s interview process unintentionally results in a particular protected class having fewer applicants from this group moving into later stages of the interview process or being hired. What are Cody’s actions known as?