Given the above stated information, the the correction options is C. Three year loan costs less than 4 year loan.
<h3>What is a the calculations justifying the above answer?</h3>
The computation is executed using excel. Here is the explanation for same:
- There are two loan choices available. We must calculate the total payments for both alternatives and choose the one with the lowest cost.
- The first option is to pay $193.60 per month with 10% interest for 3 years.
- The second option is to pay $158 per month for four years at 12% interest.
- Total cost for option 1 is $969.60.
- Total cost for option 2 is $1584.00.
Hence from
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Full Question:
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Answer:
The industrial revolution affected the whole global economy, social relations, and culture.
The industrial revolution changed how goods were manufactured, and it all started with the European accumulation of capital and the invention of the steam engine.
The two major sources of energy were coal and oil that were used to power steam engines that moved machinery using water steam. That led to work specialization and urbanization (people moving into large urban areas).
The industrial revolution first started in northwestern Europe, but it then spread to the US, Russia and Japan. The global economy developed new patterns of global trade and production between nations that produced resources and those that processed them and produced goods.
Exporting economies grew around the world because of the need for exporting both raw materials and food supplies from resource producing nations, and the need for exporting finished goods form industrialized nations.
Answer:
Infant industry.
Explanation:
In this scenario, Company Z is a U.S. company that is the first in this country to produce a good that is already produced in many foreign countries and sold in the United States. Most likely, the argument it will voice in its attempt to be protected from foreign competition is the infant industry argument.
An infant industry can be defined as an industry that is still in its early stages of development and as such are not capable of competing with foreign companies.
<em>Hence, according to the infant industry theory the argument would be that infant industries should be offered some kind of protection from competitors in other industries either foreign or local until they mature and develop a good and reputable economies of scale. </em>
Answer:
Gap management is a strategy which every business follows. A business can be successful only if it sets goals for its future.
Explanation:
Gap management is the difference between where an organization stands today and where it wants to be in future. A company's management will set its own targets and then sets position of the company. There are limitation of gap management as there can be targets which are sometimes unachievable or there are some external forces which hinders the business progress.
Answer:
a) 46.7, 80 b) 20, 60 c) yes
Explanation:
a) % utilization= utilization/design capacity × 100
= 7/15 × 100
= 46.7%
% efficiency= efficiency/design capacity × 100
= 12/15 × 100
=80%
b) Utilization= 2/10 × 100 = 20%
Efficiency= 6/10 × 100= 60%
c) A system with higher efficiency ratios will always have higher utilization as these systems will have lesses number of failures
