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asambeis [7]
3 years ago
9

James, an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm’s office. He contacts a sales repr

esentative at Myro Distributors Inc. and places an order for 100 printers. Myro Distributors Inc. purchases the printers from Ink Corp., a wholesaler, and delivers them to James at his office. In this scenario, Myron Distributors Inc. is most likely to be a(n) _____.
a. retailer
b. producer
c. manufacturer
d. institution
Business
1 answer:
Reptile [31]3 years ago
8 0

Answer:

a. Retailer

Explanation:

Retailer is "a business or person that sells goods to the consumer, as opposed to a wholesaler or supplier, who normally sell their goods to another business "

Reference: WebFinance. “Read the Full Definition.” BusinessDictionary.com, 2019

You might be interested in
Select the correct answer.
Cerrena [4.2K]

Answer:

A.

They ensure that people and businesses can buy what they need.

Explanation:

Borrowing involves requesting and receiving a huge sum of money in a lump sum. Households and firms borrow from lenders to finance business expansion or domestic consumption.

In the economy, borrowing is significant as it facilitates the acquisition of start-up capital, capital goods, and household developments. Without borrowing and lending, these investments and consumption would not be possible as they require large sums of money to initialize. If firms and households depended on savings for capital and consumption expenditure, the rate of economic growth would be very slow. It would take many years to achieve the substantial amount needed for expansion and development projects.

4 0
3 years ago
Consider this problem: Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil an
astraxan [27]

Answer:

The maximum time guaranteed = 19.04 minutes.

Explanation:

From the given problem data, we have:

Let Y be the random variable which follows the normal distribution.

So,

Y ~ N(u = 15, SD = 2.4

Where, u = mean and SD = Standard Deviation

Let the maximum time guaranteed is = M

So,

P (Y > M) = 0.05   equation 1

Convert this equation 1 into standard normal variable, that is,

P(Y> M) = 0.05

1 -  P(Y \leq M) = 0.05

P(Y \leq M) = 1 - 0.05

P(Y \leq M) = 0.95

P(\frac{Y-u}{SD} \leq \frac{M-u}{SD} ) = 0.95

P ( Z \leq \frac{M - 15}{2.4} )  = 0.95     Equation 2

From the equation 2, we have,

\frac{M-15}{2.4} = 1.644853627  

1.644853627 value is from using the function of Excel

( =NORSINV(0.95)) = 1.644853627

So,

M = 1.644853627 + 2.4 + 15

M = 19.04

Hence, the maximum time guaranteed = 19.04 minutes.

6 0
3 years ago
Understanding opportunity cost before you started applying for college, a job recruiter offered you a full-time cashier position
natta225 [31]

Answer: You decide to go to college probably because<em><u>"You value a year of college at more than $56,000"</u></em>

<em><u>Opportunity costs are the benefits an respective individual, leaves while determining to pick one alternative over another. </u></em>

So, you will attend college if you perceive value of attending college more than  ($22,000 + $34,000)= $56,000

3 0
3 years ago
If there is a 1% chance that you will be in an auto accident that will cost you $100,000 in lost income, medical expenses, and l
tia_tia [17]

Options:

a) $10,000

b) $1,000

c) $1,100

d) $11,000

Answer:

d) $11,000

Explanation:

There is 1% chance of involving in the auto accident

1% of $100, 000 = 1/100 * 100000 = $1000

The insurance company charges a 10% risk premium

10% of $100,000 = 10/100 * 100000 = $10,000

Full coverage = $10,000 + $ 1000

Cost of Full coverage = $11,000

3 0
3 years ago
The real risk-free rate is 3%, and inflation is expected to be 3% for the next 2 years. A 2-year Treasury security yields 6.2%.
den301095 [7]

Answer:

0.2%

Explanation:

The real risk-free rate is 3%, and inflation is expected to be 3% for the next 2 years; so the risk-free rate is 6%.

The maturity risk premium is the different between return on investment and same tenor investment

= Treasury security yields 6.2% - risk free rate 6%

= 6.2% - 6% = 0.2%

4 0
2 years ago
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