Answer:
a. Jenna and Mary are both frictionally unemployed.
Explanation:
Frictional unemployment is short-term in nature and arises as workers search for their first jobs or are moving between jobs. An example of frictional unemployment is a fresh graduate searching for their first employment. Frictional unemployment is the natural unemployment in the economy. It is caused by factors that lead to economic under-performance.
Shifts in the economy cause structural unemployment. It occurs when the skills available are not suited for the current job openings. Jenna and Mary have not been affected by changes in the economy. Their unemployment is natural and temporally.
Answer: A. incorrect because part of each payment is to principal and to interest. Therefore, only a portion of the payment goes to interest, so the full amount should not be included when computing the rate of interest paid.
Explanation:
When paying back a loan, there are two components to the periodic interest payment. The first component is the interest payment. This is the payment to compensate the borrower for loaning out the money and is based on the interest rate and the principal left to be repaid.
The second component goes towards repaying the principal of the loan which in this case is $10,000. When computing the periodic interest rate therefore, the entire amount paid per period should not be used as it would inflate the interest rate.
Answer:
a. Offered load = 1 lot / 4 hours = 6 cars/4 hours = 1.5 cars/hours
b. Demand rate = Total cars per 4 hours/20 minutes time
Demand rate = 6*4 / 20
Demand rate = 24/20
Demand rate = 1.2 cars/hours
Implied utilization = Demand rate / Offered load
Implied utilization = 1.2/1.5
Implied utilization = 0.8
Implied utilization = 80%
c. Capacity of the process = 1 lot / 5 hours
Capacity of the process = 6 / 5
Capacity of the process = 1.2 rentals per hours
d. Probability that all eight cars are rented at the same time
=> (1 - 0.8) * (0.8)^8
=> 0.2 * 0.1678
=> 0.03356
=> 3.36
Answer:
d
Explanation:
the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Answer:
TRUE
Explanation:
The influence of cultural on business behavior is broadly encompassing. Cultural impacts ranges from understanding employee behavior and employees management methodologies; i.e. how best to manage employees based on their values and priorities. It also impacts the functional areas of marketing and distribution: what people appreciate and the peculiarities of their environment. It also greatly impact and is a strong determinant factor of success when a company is taking a decision on how best to enter a new market.
When business ignore cultural factors they are guilty of ethnocentrism and could be orchestrating business failure.
