Which of the following is the SECOND step of the intuitive lowest-cost method?

1 answer:

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The very first step of the lowest cost method is to find the cell with the lowest cost in the entire matrix representing the cost of transportation along with supply and demand.

C. Find the cell with the lowest cost from the remaining (not crossed out) cells.

<u>Explanation:</u>

The second step in the lowest cost method is to allocate as many units as possible to that cell (having the lowest cost) without exceeding the supply or demand.

Then cross out the row or column (or both) that is exhausted by the assignment made. These two steps are further repeated until all the assignments are made and the total cost of transportation is calculated at the end.

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What are examples of some Exotic currencies?

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Answer:

Explanation:

An exotic currency pair is the pair of currencies of a major countries with those markets that are emerging or developing. Such currency pairs are seldomly used as it lacks market depth, added to it, it also contain the possibility of unfair treatment or partial treatment.

<u>Some example of exotic currency pair includes EUR/TRY (Euro and Turkish Lira), AUD/CAD (Australian Dollar and Canadian Dollar), etc.</u>

The example of Exotic currencies from the given options are MXN (Mexican Peso), ZAR (South African Rand), and HKD (Hong Kong Dollar).

Thus the correct option is D.

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