Answer:
Expected rate of return is 13%
Explanation:
Using the expected values method:
Expected Rate of return = Chance 1 * Outcome 1 + Chance 2 * Outcome 2 + Chance 3 * Outcome 3 + ................... Chance n * Outcome n
So by putting values, we have:
Expected Rate of return = 30% * 20% + 30% * 10% + 40% * 10%
Expected Rate of return = 6% + 3% + 4% = 13%
So the expected rate of return using the expected value method is 13%
Answer:
Database Management System
Explanation:
The DMS is a software that is used for improving data sharing, provision of security by limiting access of data to authorized people, integration of the data with other systems and many more. This provides a greater access and control of data to the user of this software.
Answer:
D. Shoes Cult has a competitive advantage over Aros.
Explanation:
Competitive advantage is defined as the advantage an entity has when they are able to produce a good at cost that is lower than the cost incurred by other parties in the same industry. This results in higher profit margins for businesses that have low production cost.
In this scenario Aros produces shoes for $20 while Shoes Cult produces the same shoes for $22. They both have the same price ceiling of $30.
Aros has competitive advantage over Shoes Cult because they produce at a lower cost and make more profit than Shoes Cult.
Assume they both sell at the maximum price. Profit for Aros= 30- 20=$10
Profit for Shoes Cult= 30-22= $8
Answer:
E. custom-made solution.
Explanation:
custom-made solution can as well be regarded as "Tailor made" solution, it is kind of solution devices to meet a particular or a specific problem, it is devices to meet a direct requirement.
custom-made solution has a real practical application. There some computer software usually made to be a custom made solution for specific problem. It should be noted that When a solution is specifically designed for a particular problem or set of problems, it is custom-made solution.
