Answer:
The correct option is A, risk averse
Explanation:
Risk aversion is a situation where a person undertaking a business or an investor tries as much as possible to limit exposure to losses by taking drastic steps to ensure the losses do not materialize.
The publisher in this case is conscious of facing the lawsuit that could result from publishing story and has taken a precautionary measure by not even venturing into the publishing ,let alone a lawsuit with substantial amount in damages rears its ugly head.
A risk seeking investor would go ahead with the publishing since success could bring a juicy income
Answer:
The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area
Explanation:
The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.
Answer:
The statement is: True.
Explanation:
Supply Chain Management aims to streamline the processes involved in the supply chain. The supply chain is a complex network of activities and resources involved in transferring raw materials, parts, and finished goods from initial manufacturers to end consumers.
<em>We could say then, that the supply chain management has a dual role: one driven by the manufacturers needs to be communicated to suppliers and the second represented by the number of activities that the supply chain processes demand managers and engineers to structure.</em>
Answer:
Labor and store space (land and building)
Explanation:
In economics, the factor market refers to the purchase and sale of <u>factors of production,</u> which include land, labor, capital, and entrepreneurship.
Answer:
reorder point= 39 units
Explanation:
given data:
Annual demand = 2240 units.
No of days = 320
lead time is 4 working days
As we know,
Reorder point= Lead time demand + Safety stock
Lead time demand = Average daily usage * lead time
Average daily usage = \frac{Annual demand}{No of days operating in year
}
average Daily usage = \frac{2080}{320}= 6.5 units per day.
Lead time demand = 6.5* 4 = 26 units.
Safety stock = 2 days of average demand
= 2*6.5 = 13 units.
Hence reorder point= 26 + 13= 39 units.