Answer:
b. Exploratory research
Explanation:
As the sales has been declined in Latin American territory with no knowledge to the team about sudden decline in sales performance therefore, Exploratory research can be helpful as to collect the information through the various means such as focus groups, customer advisory boards etc to know the exact reason for the decline so that the corrective action plan can be formulated
Answer:
c. power over business practices
Explanation:
Regulatory agencies are formed to monitor and checkmate adverse activities of a certain sector of an economy.
They have various powers that can be used to control activities in a economic sector:
- Licencing power is the ability to give access to the players in a particular business sector.
- Rate making power is the ability of regulatory agency to determine price of commodities
- Power over business practices is regulatory agency's power to determine whether the activity of a regulated entity is acceptable or not.
For example if regulatory agency in communication notices the process for registering new clients is too cumbersome, they can enforce a more simple and streamlined process
Answer:
Yes. A production possibility frontier can be expressed for this scenario.
Explanation:
A production possibility frontier tells the combinations of X and Y that can be produced with the given level of resources e.g. If 1 unit of X is produced than at the same time the Country can produce 50 units of Y. If 2 units of X are produced than at the same time the Country can produce 40 units of Y. This means that in order to produce 1 additional unit of X, the Country must forego 10 units of Y. This is the opportunity cost of going from 1 unit of X to 2 units of X (in terms of units of Y).
Answer:
Expected Value (EV) = 40
Standard Deviation = 20
Coefficient of Variation = 0.5
Explanation:
Outcomes ($ millions) Probability
Recession $10 0.3
Normal Economy $50 0.5
Strong economy $60 0.2
Expected value, μ = Outcome × probability
= ($10 × 0.3) + ($50 × 0.5) + ($60 × 0.2) = 3 + 25 + 12 = 40
∑(x₁ - μ)²
Standard deviation, σ = √(∑(x₁ - μ)²) / N
X = Outcomes
μ = Expected value
X ( x -μ) (x₁ - μ)² (x₁ - μ)²) × Probability
10 10 - 40 = - 30 900 900 * 0.3 = 270
50 50 - 40 = 10 100 100 * 0.5 = 50
60 60 - 40 = 20 400 400 * 0.2 = 80
Total = 400
Standard deviation = √400 = 20
Coefficient of Variation = Standard deviation / Mean
= 20 / 40
= 0.5
Answer:
moot
Explanation:
If a case is settled prior to trial for any cash, we say that the lawsuit is now subject to debate, and it is commonly known as moot. In several law schools across the globe, students are taught how to deal with moot. However, it is not very easy to give a ruling concerning moot, this is because there is little or no practical evidence. It is at sometimes referred to as moot court.
