The manager of a retail store has taken a random sample of 100 customers. the average amount spent by these 100 customers was $75. it is known that the standard deviation of the amount spent is $8.20. if the confidence coefficient is increased from .90 to .95, the standard error of the mean

Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. as a manager, how might you decide where to draw the line between a “good” stretch goal and a “bad” one that is unrealistic?

You wish to buy a cabin in 15 years. today, the cabin costs $150,000. you believe the price of the cabin will inflate at 4% annually. you want to invest a single amount of money (lump sum) today and have the money grow to equal the future purchase price of the cabin 15 years from now. if you can earn 10% annually on your investments, how much do you need to invest now, in order to be able to purchase the cabin?

What is the most important type of decision that the financial manager makes?