Answer:
D. Ensure that she credits the loan amount accurately to the customer’s account
Explanation:
Financial institutions are companies that offer a wide range of monetary and financial services to various customers. The financial institutions include; commercial banks, brokerage firms, investments firms and currency exchange companies. The services offered are; cash deposits and withdrawals, loans, investment services and currency exchange services.
These services can be offered to individuals or even companies that might need a wide range of financial services. In order for these services to be conducted in an orderly fashion, the services offered have to be regulated. This means that the service providers and the customers have to operate within a legal threshold. A knowledge of the legal responsibility of each party is therefor important in these type of environment.
In our case, the legal responsibility of Erin who works as a representative of the financial institution would be to ensure that she credits the loan amount accurately to the customer's account since Erin had already approved the customer's housing loan.
It is likely that the increase in the price of hamburgers is related to the fact that demand is greater than supply.
<h3 /><h3>What is the law of supply and demand?</h3>
It is an economic approach to understanding the economic factors that influence the quantity of a product supplied in a market and its price.
Therefore, when there is more demand than supply for a good available in the economy, it means a situation of scarcity, which makes prices rise.
Find out more about law of supply here:
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Answer:
Option A is correct,price discrimination
Explanation:
Price discrimination is charging different customers different prices in the same or different markets.
There are laws that frown against price discrimination in order to ensure fairness in business dealings and to ensure the activities of price discriminator does have negative effects on consumers or businesses that rely on the price discriminator for inputs.
A typical example of price discrimination is financial aid which is common with online courses,where certain people due to their peculiarities are offered financial assistance in their bid to study that is available to some other students.
Answer:
Explanation:
We shall apply the concept of coefficient of variation to know the consistency of data
coefficient of variation
= standard deviation / mean or average
In case of City A
coefficient of variation = 86 / 820
= .1048
In case of City B
coefficient of variation = 75 / 790
= .0949
Since it is less for city B , rent for this city is more consistence or with less of variation
So the conclusion is false.
Answer:
(a) Linear model
Subject to:
(b) Standard form:
Subject to:
Explanation:
Given
Solving (a): Formulate a linear programming model
From the question, we understand that:
A has a profit of $9 while B has $7
So, the linear model is:
Subject to:
Where:
Solving (b): The model in standard form:
To do this, we introduce surplus and slack variable "s"
For 
inequalities, we add surplus (add s)
Otherwise, we remove slack (minus s)
So, the standard form is:
So, the linear model is:
Subject to:
