You should choose one foreign country out of your home country, and choose an international company. You summarize the fact and figure your company and possibilities to expand in the foreign country with appropriate information and justification focussing on Global Operation Strategies. You are advised to collect secondary data from website, magazine, books, articles and all other possible sources. You need to give relevant information concisely and accurately and state the source of data.
Answers
The international company chosen for expansion is Tesla Inc., an American electric vehicle and clean energy company.
The selected foreign country for expansion is China, which presents significant opportunities for Tesla due to its large market size, government support for electric vehicles, and growing infrastructure for renewable energy. Tesla's global operation strategies can be focused on establishing manufacturing facilities, expanding its Supercharger network, and leveraging partnerships with local companies to penetrate the Chinese market effectively.
Tesla Inc. is a renowned international company known for its electric vehicles and clean energy solutions. As of my knowledge cutoff in September 2021, Tesla has already established a strong presence in China and has experienced remarkable success in the country's automotive market.
China is the world's largest automobile market, making it an attractive destination for Tesla's expansion. The Chinese government has been actively promoting electric vehicles to reduce pollution and dependence on fossil fuels. Incentives such as subsidies, tax benefits, and license plate restrictions have been implemented to encourage the adoption of electric vehicles.
To capitalize on the opportunities in China, Tesla can continue to expand its manufacturing capabilities in the country. As of 2021, Tesla has a Gigafactory located in Shanghai, which produces Model 3 and Model Y vehicles specifically for the Chinese market. Expanding manufacturing facilities allows Tesla to cater to the increasing demand for electric vehicles in China while minimizing production and import costs.
Furthermore, Tesla can focus on expanding its Supercharger network throughout China. The Supercharger network provides fast and convenient charging solutions for Tesla owners, reducing range anxiety and enhancing the overall customer experience. Expanding the Supercharger network in China will support the growing number of Tesla vehicles on the road and attract more potential customers who value reliable charging infrastructure.
Additionally, forming strategic partnerships with local companies in China can greatly benefit Tesla's expansion efforts. Collaborating with established entities in the Chinese market can provide Tesla with valuable insights into consumer preferences, supply chain management, and distribution networks. Partnerships can also help Tesla navigate regulatory challenges and cultural nuances, facilitating smoother operations and market penetration.
In conclusion, China offers a favorable market environment for Tesla's expansion due to its large consumer base, government support for electric vehicles, and infrastructure development. By focusing on manufacturing expansion, Supercharger network expansion, and strategic partnerships, Tesla can effectively penetrate the Chinese market and establish itself as a leader in the electric vehicle industry.
It is important to note that the information provided is based on data available until September 2021, and it is advisable to refer to the latest sources for the most up-to-date information on Tesla's global operations and its expansion strategies in China.
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Related Questions
Which would help you the least when creating your own practice test?
Answers
Answer:
textbook chapter headings
Satisfaction with service-recovery efforts increases as the amount of time taken to provide a resolution increases.
False
True
Answers
Answer:
True
Explanation:
Service recovery can be regarded as
a resolution of problems of an organization, firms coming from
a dissatisfied customer, then making all effort to turn them to a loyal customer. Service provider usually utilize this just to counter a service failure. It should be noted that Satisfaction with service-recovery efforts increases as the amount of time taken to provide a resolution increases.
Where would you find the Create Table Dialog Box?
Data tab, Get & Transform Data group
Data tab, Outline Command group
Insert tab, Charts gallery
Insert tab, Tables command group
Answers
Answer:
d
Explanation:
took the test
Answer:
D.
Explanation:
correct on edge
3 sentances
Discuss how industrialisation and the way that products are manufactured are having a lasting effect on the climate, explain how this will influence the Earths future:
Answers
Industrialization and the way products are manufactured have indeed had a significant and lasting effect on the climate, primarily due to the emission of greenhouse gases (GHGs) and the depletion of natural resources.
These effects have far-reaching consequences for the Earth's future.
Greenhouse Gas Emissions: Industrial activities, particularly the burning of fossil fuels for energy, have led to a substantial increase in GHG emissions, such as carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O). These gases trap heat in the atmosphere, contributing to global warming and climate change. The rising temperatures result in more frequent and severe extreme weather events, sea-level rise, and disruptions to ecosystems.
Deforestation and Land Use Change: Industrialization and increased demand for resources have led to deforestation and significant land use change. Forests act as carbon sinks, absorbing CO2 from the atmosphere. Deforestation not only reduces the Earth's capacity to absorb CO2 but also releases stored carbon when trees are cleared or burned. This further exacerbates climate change.
Resource Depletion: Industrial production requires the extraction of raw materials, leading to the depletion of non-renewable resources, such as minerals, metals, and fossil fuels. The extraction and processing of these resources require substantial energy inputs, contributing to GHG emissions. Resource depletion also leads to ecological imbalances and loss of biodiversity.
Waste Generation and Pollution: Industrial processes generate significant amounts of waste and pollution, including toxic chemicals, pollutants, and non-biodegradable materials. Improper waste management and disposal can contaminate air, water, and soil, posing risks to human health, ecosystems, and biodiversity.
The influence of these factors on the Earth's future is profound:
Climate Change Impact: The continued release of GHGs and the resulting climate change will lead to more frequent and intense extreme weather events, disruptions in ecosystems, loss of biodiversity, and habitat destruction. This will affect food production, water availability, and human livelihoods, leading to increased social, economic, and environmental challenges.
Rising Sea Levels: As temperatures increase, glaciers and ice caps melt, contributing to rising sea levels. This poses a significant threat to coastal communities, leading to increased coastal erosion, flooding, and displacement of populations.
Resource Scarcity: The depletion of non-renewable resources and unsustainable consumption patterns will lead to resource scarcity, affecting industries, economies, and societies. This can trigger conflicts over resources, disrupt supply chains, and necessitate the development of sustainable alternatives.
Environmental Degradation: Industrial pollution, habitat destruction, and ecological imbalances can have long-term consequences on ecosystems, reducing their resilience and ability to provide vital ecosystem services. This can impact the health and well-being of both humans and wildlife.
To mitigate these impacts and secure a sustainable future, it is crucial to transition towards cleaner and more sustainable industrial practices. This includes adopting renewable energy sources, promoting energy efficiency, implementing circular economy principles to minimize waste and maximize resource utilization, and investing in sustainable technologies and innovation. Additionally, international cooperation, policy changes, and individual actions are needed to address the complex challenges posed by industrialization and climate change, aiming for a more sustainable and resilient planet.
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For managers, the importance of Maslow's contribution is that he showed that workers Group of answer choices are interested only in compensation that helps them fulfill physiological needs. have needs beyond that of just earning a paycheck. are as complex as their organization. expect an employer to fulfill every level in their hierarchy of needs. have needs that cannot be understood by their employer.
Answers
Answer:
have needs beyond that of just earning a paycheck.
0) Which of these statements apply to Retail Store to Retail Store Transfers? Is initiated to reduce losses of expiring products The request to transfer is identified at the corporate level and communicated to the store A store needs a specific item quickly and asks another store for it Reduces the excess inventory levels of organization
Answers
Answer:
The request to transfer is identified at the corporate level and communicated to the store
Explanation:
When the condition arises for transferring the retail store to retail store transfer then the first thing the organization do is requesting for transfer to the corporate level and on the other side the corporate level people check whether there are actually needed or not and also the communication would be made to the store
Hence, the second last option is correct
Ian works in the IT department at Pleasant Valley Health Partners. He feels encouraged to find his own solutions to problems, and to implement those solutions when practical. The programmers and data analysts work with little supervision because management feels they are committed and creative workers. This policy reflects a __________ attitude about workers.
Answers
Ian's attitude to work reflects a theory Y attitude about workers because he is said to be motivated and can solve problems.
Theory Y workers are those workers that are known to be highly motivated. Such workers are creative as well as proactive and are always willing to solve problems.
The Theory Y is a sharp contrast to workers that fall under theory X because these ones hate to work and lack motivation.
Both of these theories were developed by Douglas McGregor.
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Carl owns a software firm, and mike owns a computer hardware manufacturing firm. they decide to create an alliance in order to manufacture laptops and desktops using the shared competencies of their respective firms. when creating the alliance, they make sure that each of them invests 50% capital and that they would each own a specified right to a percentage of the profits from the alliance. the collaborative relationship in this scenario is known as _____.
Answers
The collaborative relationship discussed in the passage is known as relational governance which facilitates growth and provides solutions.
What is a relational governance mechanism?The relational governance mechanism emphasis on equal distribution of roles and responsibilities along with financial investment to make the decision in any corporation. This is based on mutual understanding and trust.
In this scenario, Carl owns a software firm, whereas mike owns hardware manufacturing bringing equal investment with 50%capital. they also shared their skills and competencies to encourage better working in the organization.
Therefore, they implement a relational governance relationship where they share equal rights in the business.
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XYX Stock is currently priced at $57 per share. Over the next period, XYZ’s dividend is expected to be $3 and its price is expected to rise to $65. What is the expected return for XYZ Stock over this period?
Answers
To calculate the expected return for XYZ Stock over the next period, we need to consider both the dividend and the expected price appreciation.
The dividend yield can be calculated by dividing the expected dividend by the current stock price, which is ($3/$57 = 0.0526 or 5.26%).
The capital gain yield can be calculated by dividing the expected price appreciation by the current stock price, which is (($65-$57)/$57 = 14.04%).
Adding the dividend yield and the capital gain yield together gives us the expected total return, which is (5.26% + 14.04% = 19.3%).
Therefore, the expected return for XYZ Stock over the next period is 19.3%.
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you find a zero coupon bond with a par value of $10,000 and 19 years to maturity. the yield to maturity on this bond is 4.1 percent. assume semiannual compounding periods. what is the dollar price of the bond
Answers
The dollar price of a zero coupon bond can be calculated using the present value formula, where the present value is the dollar price of the bond, the future value is the par value of the bond, the interest rate is the yield to maturity, and the number of periods is the total number of compounding periods until maturity.
Using the information given in the question, we know that the par value of the bond is $10,000 and the yield to maturity is 4.1 percent, which is equivalent to 0.041 when expressed as a decimal. The total number of compounding periods until maturity is 19 years multiplied by 2 since we are assuming semiannual compounding periods, which gives us 38 periods.
Using the present value formula, the dollar price of the bond is calculated as follows:
Present value = Future value / (1 + interest rate)^number of periods
Present value = $10,000 / (1 + 0.041/2)^38
Present value = $10,000 / (1.0205)^38
Present value = $10,000 / 1.9668
Present value = $5,075.43
Therefore, the dollar price of the zero coupon bond with a par value of $10,000 and 19 years to maturity and a yield to maturity of 4.1 percent, assuming semiannual compounding periods, is $5,075.43. This means that an investor can purchase the bond for $5,075.43 today and receive the par value of $10,000 at maturity in 19 years.
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Which ethical violation involves profiting by using the name or slogan of another company?
Copyright violation
Libel
Plagiarism
Slander
Answers
Answer:
Copyright infringement (at times referred to as piracy) is the use of works protected by copyright law without permission for a usage where such permission is required, thereby infringing certain exclusive rights granted to the copyright holder, such as the right to reproduce, distribute, display or perform the protected work, or to make derivative works. The copyright holder is typically the work's creator, or a publisher or other business to whom copyright has been assigned. Copyright holders routinely invoke legal and technological measures to prevent and penalize copyright infringement.
a cost that is jointly used or shared by several cost objects is
Answers
There are some expenses that cannot be linked to a specific cost object. Some production expenses have an impact on many products or steps. These expenses are known as joint costs.
Direct costs are those expenses that are simple to identify, fluctuate, and can be connected to the total volume of product generated. Examples include direct materials, direct labour, piece rate pay, etc.
In contrast to direct costs, which may be fixed or variable in nature, indirect costs are outlays that cannot be divided by the quantity of goods produced on a per-unit basis. Rent expenses and office overhead are two examples.
Follow these procedures to rapidly establish if payments are direct or indirect costs: Direct costs are those linked to the developing, creating, and launching of a product or service, whereas indirect costs are those linked to unrelated commodities or services.
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How do you round to the nearest whole percent?
( here’s the question I need to round for )
What percentage of total expenses is spent on housing?
( round to the nearest whole percent)
A 20%
B 21%
C 22%
D 24%
~Please help ASAP~
Answers
Answer:
Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it
What is the W-4 form used for?
filing taxes with the federal government
determining the amount of money an employee has paid out in taxes
calculating how much tax should be withheld from a person's paycheck
calculating how much income was paid in the previous year
Answers
Answer:
C. calculating how much tax should be withheld from a person's paycheck
Explanation:
In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-4 Form to all their employees, so as to enable these employees fill out how much income tax is to be withheld from their respective paycheck in relation to their filing status.
Hence, a W-4 form is used for calculating how much tax should be withheld from a person's paycheck and submitted to the internal revenue service (IRS).
Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.
Answer:
its c
Explanation:
just took the unit test on edge
Internal development of a new business subsidiary can be a more attractive means of entering a desirable new business than is acquiring an existing firm already in the targeted industry when A. the company has ample time and adequate resources to launch the new internal startup business from. the ground up. B. there is a large pool of desirable acquisition candidates. C.the target industry is growing rapidly and good joint venture partners are available. D. all of the potential acquisition candidates are losing money. E. the target industry is comprised of several relatively large and well-established firms.
Answers
Answer:
A. the company has ample time and adequate resources to launch the new internal startup business from. the ground up
Explanation:
Businesses consider factors like time and available resources to pursue projects. This is in an effort to ensure continuous flow of profit.
When a company wants to enter into a new industry it has the option of either buying an existing firm in that industry or developing a firm internally to break into the new industry.
Buying an existing company will save time and profits can start flowing immediately. It can also be a cheaper option.
Internal development of a firm to enter the industry will take more time to establish, and also more resources to build from the ground up.
How do I earn money the quickest way?
Answers
2. Make deliveries for Amazon or Uber Eats
3. Become a pet sitter or dog walker
4. Get a babysitting gig
5. Install Christmas lights for the holidays
6. Become a home organizer
7. Help with home gardening
8. Assist with deliveries or moving
i hope this helps (:
Suppose the tax multiplier in an economy is -5. How will total spending (TS) change when taxes (T) decrease by $600 ? TS will decrease by $120 TS will decrease by $3000 TS will increase by $3000 TS will increase by $120
Answers
If the tax multiplier in an economy is -5, it means that for every $1 decrease in taxes, total spending will increase by $5. Therefore, if taxes decrease by $600, total spending will increase by 5 times that amount, which is $3000. Therefore, the correct answer is that TS will increase by $3000.
It is important to note that the tax multiplier is a measure of the effect of changes in taxes on overall economic activity and spending. A negative tax multiplier indicates that a decrease in taxes will lead to an increase in total spending, while an increase in taxes will lead to a decrease in total spending. The tax multiplier is influenced by various factors such as consumer behavior, government spending, and the overall state of the economy.
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Click this link to view O*NET’s Tasks section for Heating and Air Conditioning Mechanics and Installers. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks Heating and Air Conditioning Mechanics and Installers perform? Check all that apply.
joining pipes or tubing to equipment and to fuel, water, or refrigerant source
pumping oil from a well into a pipeline for transmission
overseeing the activities of workers in a hydroelectric power plant
testing pipe, or tubing joints or connections for leaks
reassembling and testing equipment
testing electrical circuits or components
Answers
Answer:
A, D, E , F
Explanation:
Just finished the assignment.
Answer:
The correct answer is A C D F
Explanation:
Cathy, Don, and Ethel are partners in Fruit Orchard Farms. Cathy gives notice to quit the firm, which otherwise continues to do business. This is
Answers
When a partner does what Cathy did and the partnership continues regardless, this is known as a Dissociation.
A Dissociation in a partnership:
Means that a partner no longer wishes to be part of a partnership The partner loses their management rights Might not absolve the partner of partnership liabilitiesBecause the business kept going even after Cathy gave notice to quit, this is known as a dissociation and not a dissolution which would have ended the partnership.
In conclusion, this is a dissociation.
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Why is it important for public corporations to comply with audits
Answers
Answer:
Explanation:
Accounting and auditing professionals serve an absolutely vital role in our capital markets. Transparent, informative and accurate financial reporting are the lifeblood of the capital markets and are essential for investors to make informed decisions as to how to allocate their capital.
From a temporal perspective, _____ can be defined as preference for _____ rewards.a. impulsiveness; smaller sooner over larger laterb. self-control; smaller sooner over larger laterc. impulsiveness; larger sooner over smaller laterd. self-control; larger sooner over smaller later
Answers
From a temporal perspective, impulsiveness can be defined as preference for smaller sooner over larger later rewards.
Impulsiveness refers to the tendency to act on impulses and desires without thinking about the long-term consequences. When it comes to reward preference, impulsiveness is associated with choosing immediate gratification over delayed gratification.
This means that individuals who are impulsive are more likely to prefer smaller rewards that are available immediately (i.e. smaller sooner) compared to larger rewards that require waiting (i.e. larger later). This is in contrast to individuals with high levels of self-control, who are able to delay gratification and prefer larger rewards that require waiting. Therefore, option A (impulsiveness; smaller sooner over larger later) is the correct answer.
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Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. Cash $ 25,480 Dividends $ 6,140 27,140 Accounts receivable Office supplies Land 9,710 22,520 Consulting fees earned 5,390 Rent expense 44,150 Salaries expense 20,170 Telephone expense 12,020 Miscellaneous expenses 101,800 5,730 Office equipment Accounts payable Common stock 1,030 640 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today.
Answers
Combining the total liabilities and equity, the balance sheet shows that Help Today has a total of $90,240, which is balanced by the total value of assets.
Balance Sheet
Help Today
August 31
Assets:
Cash: $25,480
Accounts Receivable: $9,710
Office Supplies: $27,140
Land: $22,520
Office Equipment: $5,390
Total Assets: $90,240
Liabilities:
Accounts Payable: $1,030
Total Liabilities: $1,030
Equity:
Common Stock: $640
Retained Earnings: ($6,140 - $5,730) = ($410)
Total Equity: $230
Total Liabilities and Equity: $90,240
The balance sheet presents the financial position of Help Today as of August 31. The assets section includes the following accounts and amounts: cash ($25,480), accounts receivable ($9,710), office supplies ($27,140), land ($22,520), and office equipment ($5,390), which sum up to a total asset value of $90,240.
On the liabilities side, the company has accounts payable ($1,030), resulting in a total liability of $1,030.
The equity section includes common stock ($640) and retained earnings, calculated by deducting dividends ($6,140) from consulting fees earned ($5,390) and other expenses ($5,730). This gives retained earnings of ($410). The total equity amounts to $230. Combining the total liabilities and equity, the balance sheet shows that Help Today has a total of $90,240, which is balanced by the total value of assets.
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Given the following factor notation what value with this generate F = A(F/A,i,n) a. The Annuity of a Future b. none of these C. The Future of an Annuity Present d. The Future of a Present
Answers
Given the factor notation F = A(F/A, i, n) this will generate the value of Option C. The Future of an Annuity Present.
In this formula, F represents the future value of an annuity, A is the periodic payment (or annuity), i is the interest rate per period, n is the total number of periods, and C is a constant value.
The Future of an Annuity Present represents the total accumulated value of a series of equal periodic payments (annuity) at a specified interest rate by the end of the investment period. This concept is commonly used in finance, particularly when dealing with investments, loans, and retirement planning.
The factor notation (F/A, i, n) is used to simplify the calculation of the future value of an annuity. It represents a specific function that considers the interest rate and the total number of periods. By multiplying this factor by the annuity (A) and the constant (C), the future value of an annuity can be determined.
In summary, the factor notation F = A(F/A, i, n) C is used to calculate the Future of an Annuity Present, which represents the total accumulated value of a series of equal periodic payments at a specified interest rate by the end of the investment period. Therefore, the correct option is C.
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from combining the 7 facts what opportunities and threats can
you identify( Apple Co)?
Case study chapter 3 A. from combining the 7 facts what opportunities and threats can you identify Apple Co)? 1. 2015 Tax increases 2. High demand of iPhone 13 3. Price pressure from Samsung over key
Answers
Some of the opportunities and threats that Apple Co. can be identified to have include:
Expanding into new markets - Opportunities Developing new products and services - Opportunities Increased competition - Threats Changing consumer preferences - Threats What are some opportunities and threats to Apple ?Apple could expand into new markets, such as India and China, where there is a large and growing population of potential customers. Apple could continue to develop new products and services, such as the Apple Watch and AirPods, to meet the needs of its customers.
Apple faces increased competition from other companies, such as Samsung and G-o-ogle, in the smartphone and tablet markets. Consumer preferences are constantly changing, and Apple needs to be able to adapt its products and services to meet those changes.
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Which of the following would NOT be considered as part of a clean desk policy?
a Do not share passwords with other employees.
b Place laptops in a locked filing cabinet.
c Keep mass storage devices locked in a drawer when not in use.
d Lock computer workstations when leaving the office.
Answers
A) The answer is A. "Do not share passwords with other employees." While it is an important security measure, it is not part of a clean desk policy.
A clean desk policy is a set of guidelines that require employees to keep their workspaces clear of clutter and confidential information to prevent data breaches and security risks. It typically includes rules such as locking computer workstations, keeping confidential files and documents in locked drawers or cabinets, and properly disposing of sensitive information. The policy is designed to promote good security practices and help organizations comply with privacy regulations.
In summary, a clean desk policy is a security measure designed to protect sensitive information by requiring employees to maintain a tidy workspace and secure confidential information. Not sharing passwords is an important security measure, but it is not part of a clean desk policy.
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A college student could take an elective course that inspires him or her to
study a secondary field, which is caled:
A. a minor.
B. a specification.
C. a specialization.
D. an elective requirement.
Answers
Answer:
it should be A a minor
Explanation:
The primary field of education is called a Major while a secondary one is a minor.
Answer:
A. a minor
Explanation:
somebody who's just a teen
If you have to reject a job offer because it isn't what you wanted, what is the best step to take? a. Say no at the interview to save the employer time b. Do not call the interviewer back c. Call the interviewer back, thank them, and give a reason for your answer d. Call the interviewer and let them know you would never work for them Please select the best answer from the choices provided A B C D.
Answers
The best step to take is: c. Call the interviewer back, thank them, and give a reason for your answer.
A person or an individual may reject a job offer due to some personal reason or due to the following reasons:
The job did not fit or suit them.They are not comfortable with the work schedule.The job roles was not what they were expecting.The working environment is not comfortable for them.The salary was not what they were expecting etc.Assuming you reject or decline a job because the job was not want you wanted the best thing to do is to call the person that interviewed you or interviewer back and thank them for :
Selecting or choosing you.Inviting you for the interview and for giving you the job.You have to as well tell them reason why you did not accept the job offer or why you rejected the job offer.
Inconclusion the best step to take is: c. Call the interviewer back, thank them, and give a reason for your answer.
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When applying for a loan, the lending institution evaluates a potential borrower's ability to complete repayment on a loan, cash on hand, collateral, and job status, play critical factors at arriving on this decision. A. Civil B. Criminal C. Character D. Capacity
Answers
Answer:
D. Capacity
Explanation:
In order to applying for a loan, the financial institution analyze the borrower information in terms of creditworthiness i.e. collateral property, cash on hand, repayment conditions, status of the job. These factors should be based on the capacity of the borrower whether he or she is eligible for a loan or not
Therefore according to the given situation, the option D is correct and the same is to be considered
Describe each integration method and when best to use it.
**The integration methods mentioned are copy and paste, linking, and embedding
Answers
office technology allows you to EMBED or place an unlinked copy Of , the contents of a word file into an excel worksheet.
after you create an object in one program , you can chose to either the LINK object or embed it in another program.
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A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the following characteristics: > Demand (D)=2,000 units/year > Demand is normally distributed > Standard deviation of weekly demand =3 units > Ordering cost =$50 /order > Annual holding cost (H)=$5.00 /unit > Desired cycle-service level =90% > Lead time (L)=5 weeks Refer to the standard normal table for z-values. a. If the company uses a periodic review system, P should be weeks. (Enter your response rounded to the nearest whole number.)
Answers
If the company uses a periodic review system,
P should be 3 weeks. (Enter your response rounded to the nearest whole number.)
Explanation:
Periodic review system
The company operates 50 weeks per year. Demand is 2,000 units/year, with a standard deviation of 3 units per week. Therefore, the standard deviation of demand for lead time (5 weeks) is
3 x √ (5) = 6.71 units.
To attain a 90% cycle-service level, the z-value is 1.28.
This value can be found in the standard normal table.
In the event of a stockout, the company will lose a unit of service.
The ordering cost is $50/order, and the annual holding cost is $5/unit.
Using the following formula:
R = D (L + P) + zσ √(L + P)R = 2000 (5 + P) + 1.28(6.71) √(5 + P)
The optimal number of units to order is then calculated:
Q = R − IRI = Q / 2S = 1/2 x 2000 units per year = 1000 units per week
S = (Q/2) / P, where P is the period of review.
If the company orders 355 units every three weeks (that is, 1065 units every nine weeks), it will attain a 90 percent cycle-service level, with a total annual cost of $11,756, and it will lose one unit of service.
This is the optimal inventory policy.
The minimum point on the total cost curve is the optimal order quantity.
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