Answer:
e. Collateral
Explanation:
Collateral refers to the security given by the person in order to secure the right of the creditor.
As for example, if I take a loan from bank and then sign an agreement to pay in installments, then the bank might secure its payment through a collateral to be paid by me. For this I might give the bank papers of my house.
In the given case also, Dennis took the Television in exchange of money promised to be paid in installments. Further as for collateral he provided the owner the right to take back the television.
Thus, there is a collateral provided, and since he has defaulted in payment owner has the right to collect television back.
Answer:
(C) Supply chain management should begin with a focus on "the customer".
Explanation:
Supply chain management involves managing all the processes involved in converting raw materials to finished goods and distributing such goods or services to satisfy customer needs.
Processes involved in supply chain management include; sourcing for raw materials, manufacturing, packaging, delivery, customer service.
Before any of these processes are carried out however, an organization must first focus on identifying the needs of its customers and then provide products that add value for the customers and satisfy their needs.
Breaking bulk is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to consumers and end users
<h3>What is breaking bulk?</h3>
Breaking bulk can be regarded as the process involving delivering single units to retail outlets,, this is different from delivering using alot of units.
Therefore, breaking bulk involves distribution of goods and merchandise from the distribution centers using segments rather bulk.
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Answer:
$42.5 billion
Explanation:
the expected value formula = ∑ (valueₙ x probabilityₙ)
expected value = (low value x probability of low value) + (most likely value x probability of most likely value) + (high value x probability of high value)
= ($5 billion x 20%) + ($45 billion x 70%) + ($100 billion x 10%) = $1 billion + $31.5 billion + $10 billion = $42.5 billion
Answer: c. a decision-making entity at a firm involved in a strategic game
Explanation:
In a theoretical game, there are two players that have to embark on different strategies such that they make the maximum payoff. This maximum payoff strategy is known as the dominant strategy.
These two players are the decision making entities in the firms that are competing in the game because they are the ones that decide how the firm should react and what strategy to use. For instance, the owners of the two bakeries down the street are the players because they control what either bakery will do.