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Ilya [14]
3 years ago
5

1. The textbook describes how Political, Economic, and Cultural factors can influence international logistics. In terms of compl

exity, and the challenge to deal with these factors in international trade, how would you rank them? (1, 2, and 3; 1 being the most complex and difficult) This is not a "right or wrong" answer, but you need to explain your reasoning for ranking them in the order that you choose.
Business
1 answer:
stepladder [879]3 years ago
6 0

Answer:

Check the following analysis

Explanation:

The order of complexity would be as below –

  1. Cultural Factors
  2. Political
  3. Economic

Clarification – In international logistics the most complex challenge is that of cultural factors as it is difficult to follow standard practices throughout because standard practices influence business practices. Things that are looked down upon in one culture are preferred in another culture. This makes things really complex.

The next factor is political. There is some amount of unpredictability involved in this factor. A rapid change in the political scenario can change the business dynamics and affect the whole ecosystem.

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Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in
ipn [44]

Answer:

$31,000

Explanation:

decrease in accounts receivable = $1,000

Sales = $30,000

Cash collected from customers = Sales plus decrease in accounts receivables

                                                    = $30,000 + $1000

                                                    = $31,000

The decrease in account receivables represents the collection of cash from a customer. If sales amount to $30,000, all must have been collected in cash hence no amount was outstanding to increase receivables. Hence the addition of the two items gives the cash collected from customers.

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3 years ago
What is a foreign country that is currently being impacted financially due to the Coronavirus
Westkost [7]

Answer:

Macau

Explanation:

First, we need to understand that all countries are impacted financially due to the corona virus. It's predicted that Corona Virus will cause a loss of around $2.7 trillion in Global Economy.

That being said, some countries are impacted more than the others.

Especially those who rely on tourism and hospitality as their main economy. Macau is probably the one that got the hardest hit. Not only this country is located near China (where the virus originally came from) , tourism and hospitality accounted for around 43% of Macau's economy. Basically half of its  economic activity shut down due to the virus.

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Answer:

a. shortage at the former equilibrium interest rate. This shortage would lead to a rise in the interest rate.

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How often should you typically monitor your checking account?
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