Answer:
Indeed, a large number of lawsuits enter the American courts year after year. This happens for two main factors:
-First, there is absolute trust in the judicial system of the United States. The citizens trust in the absolute transparency and impartiality of the judges, with which they do not hesitate to go to them to resolve their controversies. Furthermore, the relatively short resolution and sentencing time means that this method is not seen as a waste of time.
-Second, there is a clear lack of communication when doing business. In other words, a culture of judicialization of conflicts has been generated, which means that many controversies that can be resolved privately between the parties end up being the subject of a trial, which saturates the judicial system and breaks trust between the parts.
The responsibility in this matter belongs to the entire society: it is necessary to resume the path of dialogue and joint conflict resolution, instead of going to an impartial third party to do so. The mentality must be changed to achieve a culture of communication that favors joint solutions to society's problems.
Unfortunately, this process takes years and years of education and a change in culture, so that in the coming years a significant change in the number of lawsuits filed in this country should not be expected.
Delinquencies are reported when the loan is 30 or more days past due to the credit bureau. When the borrower is 90 or more days past due is stated to be a serious delinquency.
<u>Explanation:</u>
Delinquency is a situation in which the loan borrower fails to pay the loan or makes an overdue on the periodical payment.
<u>Delinquency rate:</u>
The percentage of loans within the loan portfolio of a financial institution whose payments are delinquent. The formula to calculate the delinquency rate is as follows,
<u>Average days delinquent:</u>
This is calculated by subtracting the days sales outstanding (DSO) from best Possible DSO which is represented as
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A analytical and b interpersonal
<span>You should make sure that everything on your side is in place to go against the new competition. You should be on the same page as your supplier to make sure your supplies are sent on time and complete. You should make sure your consumers are satisfied to prevent them from going to the new competition. Overall, your goal should be to maintain your consumers and suppliers.</span>
Answer:
Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.
Explanation:
Operations management involves <u>planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.</u>
An operations manager works with managers in other organizational functions to <u>improve the overall productivity in the organization.</u>
He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.
