The dealer in New York is engaged in arbitrage.
<h3>What is arbitrage?</h3>
Arbitrage is when a market participant takes advantages of price differences in more than one market with the aim of making profit. The market participant usually buys currency in the cheaper market and sells in the more expensive market and thus earns a profit.
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Answer:
A. business rule is a long, precise, and unambiguous description of a policy, procedure, or principle within a specific organization.
Explanation:
The business rule defines that every organization should run in the long term by applying the rules and regulations, and accurate the details in a proper manner with the help of the hierarchy level and work should be done accurately by planning, organization, staffing directing and controlling.
Every company should follow principle, policies or procedures within the organization. So, the company should follow the business rules so that the work can go in a smooth manner.
Answer:
Availability bias
Explanation:
A manager has a very critical responsibility to evaluate employees from time to time. In that regard, the manager should not be bias otherwise it can badly affect the overall performance of a firm or organisation. In the above example, the manager's perception is affected by availability bias; it is a problem in which managers feel that available data is sufficient to form a conclusion.