Author Question: You turn on the news to discover that a local bank, Bedford Savings & Loan has failed. Your ... (Read 177 times)

ap345 · **on:** Jul 14, 2018

You turn on the news to discover that a local bank, Bedford Savings & Loan has failed. Your parents have their life savings of 220,000 in an account at Bedford S&L. Just then, the phone rings. Your mom is in a panic. You tell her:
A) to get to the bank right away to see if she can get some, if not all, of their money withdrawn.
B) because the bank is FDIC insured, she and your dad will be able to recover 200,000 of their savings.
C) not to worry. Even though Bedford Savings & Loan is not FDIC insured, the bank is required to give them their money.
D) because the bank is FDIC insured, she and your dad will receive a check for the total amount of their savings plus 30,000.
E) not to worry. Bedford Savings & Loan is FDIC insured, and your parents will get all of their money back.

Question 2

Domino's Pizza allows franchises in various countries to utilize local preferences when designing the menu for that country. Utilizing the insights of employees in these countries to develop products is an example of how a diverse workforce:
A) attracts top talent.
B) reduces global competition.
C) provides a marketing edge.
D) reduces innovation.
E) is not relevant to managers.