Answer:
Human factors is involved in basic technology, but in Advanced technology system, human factor is not present, once the system cannot access the customer's credit history, that would be he final decision, and it cannot be changed again by others.
Explanation:
Solution
- In basic technology, the credit check relies more on the organization, and it's relationship with its customers, Customer's credit history acts as the base for producing credit decision and it's association with the organization is not relevant to the system.
- In basic technology system. some human factor plays a role to it. but in advanced technology, human factor is not there and if system refuses credit based on customer's credit history then that would be the final decision and cannot be revoked or modified by another clerk.
- In basic technology, credit check is carried out by the Credit department which work with instruction of company's credit policies, but in advanced technology system, the System Logic carries out the decision making
Answer: Differentiation strategy
Explanation:
Differentiation strategy is a strategy that differentiate a product or service, from other identical products that are offered by competitors in the market. Differentiation is development of a good or service, which is unique for customers, in terms of features, product design, quality, brand image, or customer service.
Differentiation strategy is one of the three Porter’s Generic Strategy. In this strategy, firms pick one or more dimensions that are considered to be vital by the consumers thereby creating a unique image in the market.
The use of mobile banking application will ease the traditional method of banking and makes the bank standout.
Answer:
B) As we increase the fraction invested in the efficient portfolio, we increase our risk premium but not our risk proportionately.
Explanation:
In this case we increase our risk also proportionaly same as risk premium. There is a trade-off when we face this decisions about portfolios.
Policies related to setting interest rates, management of money supply, and the buying/selling of treasury bonds are referred collectively as <u>Monetary policy</u>
Monetary policy is primarily involved with the management of interest rates and the total pool of money in circulation and is generally taken out by central banks, such as the U.S. Federal Reserve.
<h3>What is monetary policy and fiscal policy?</h3>
Monetary policy refers to central bank activities that are headed toward influencing the amount of money and credit in an economy. By contrast, fiscal policy guides to the government's decisions about tax and spending. Both monetary and fiscal policies are used to control economic activity over time
To learn more about Monetary policy, refer
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Answer:
The answer is: B) employers can motivate employees by paying them more than the prevailing wage.
Explanation:
The "efficiency wage" theory states that if an employer increases the wage of his (or her) employees, they will be motivated and their productivity will increase. The increase in productivity should offset the increased labor costs. So the costs of higher wages should be recouped through increased productivity.