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Pie
3 years ago
8

A supermarket operator must decide whether to build a medium size supermarket or a large supermarket at a new location. Demand a

t the location can be either average or favourable with estimated probabilities to be 0.35 and 0.65 respectively. If demand is favorable, the store manager may choose to maintain the current size or to expand. The net present value of profits is $623,000 if the firm chooses not to expand. However, if the firm chooses to expand, there is a 75% chance that the net present value of the returns will be 330,000 and 25% chance the estimated net present value of profits will be $610,000. If a medium size supermarket is built and demand is average, there is no reason to expand and the net present value of the profits Is $600,000. However, if a large supermarket is built and the demand turns out to be average, the choice is to do nothing with a net present value of $100,000 or to stimulate demand through local advertising. The response to advertising can be either unfavorable with a probability of 0.2 or faverable with a probability of 0.8. If the response to advertising is unfavorable the net present value of the profit is ($20,000). However, if the response to advertising is favourable,then the net present vale of the profits in $320,000. Finally, if the large plant is built and the demand happens to be high the net present value of the profits is $650.000. Dram a decision tree and determine the most appropriate decision for this company.
Advanced Placement (AP)
1 answer:
pav-90 [236]3 years ago
3 0

Answer:

Supermarkets are often cited as among the types of businesses with the lowest profit margins. It's true. Grocery store profit margins typically range from 1 percent to 3 percent, depending on the items. Grocery stores make their money on volume. They may not make much on any one item, but it's the rare shopper who only buys one item. That's why the store kindly provides big shopping carts for their customers. With not much additional effort, the grocery store sells you 20 items or more, making much more profit than they would have if you had bought only one item.Explanation:

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The credit report refers to the record of the credit history of a person.

A credit report is simply referred to as a record of the repayment of the debt of a borrower. It shows the record of the credit history of a borrower from different sources.

In this case, the credit report will be used in determining if Carolina will be given the loan or not. In a situation whereby Carolina pays the loans that she had taken earlier on time, this can ensure that she'll be given another loan.

On the other hand, if Carolina doesn't pay back her loans in time, this can discourage the bank from given her the loan.

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Describe the trend in judicial independence in the United Kingdom between 1990 and 2019. Explain a possible reason for this tren
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The main factors aimed at securing judicial independence

 

The previous section has briefly explained why judicial independence is important for maintaining judges' impartiality and the rule of law. This section now focuses on how judicial independence can be guaranteed in its fundamental aspects (external, internal, institutional and individual independence). Various mechanisms are possible, and a range of examples are provided to encourage debate and develop critical thinking.

Judicial independence is a multifaceted concept. There are different institutional, legal and operational arrangements that in abstracto are designed to ensure judicial independence, and they can work differently depending on the historical, political, legal and social context in which the judiciary operates. Therefore, there is not an ideal model of implementing judicial independence in the sense that one-size-fits-all. Judicial independence is - in more concrete terms - the result of a combination of different conditions, measures, checks and balances, that can vary from one country to another. Every country has to find its own balance.

In some countries, for example, judicial independence is basically secured through a self-governing body or council (composed mainly of judges) which is in charge of all the decisions concerning judges' recruitment/nomination, career, transfer and discipline. This occurs, for example, in France, Italy, Mongolia, Nigeria, Poland, Romania, Spain, and Ukraine. In other countries, such as Kenya, South Africa, India, Germany, Austria, Czech Republic, India, Kenya, South Africa, the United States, there is no equivalent body, and judicial independence is thereby secured through various other mechanisms. Therefore, what is deemed to be an essential measure in some countries may be not considered as such in others. This reveals rather different views on the institutional means needed to protect judicial independence.

The process of defining the institutional requirements of judicial independence has by no means come to an end. For example, the oldest institution of the British constitutional system, the office of Lord Chancellor, has been recently redesigned in an effort to bring about a clearer separation between the branches of the State, and to enhance the independence of the judiciary (see the UK Constitutional Reform Act, 2005; Shetreet and Turenne, 2013).

The protection of judicial independence is usually considered as including various aspects that operate on different levels: external and internal independence, and institutional and individual independence. External independence refers to the independence of the judiciary from the political branches (Executive and Legislative power), as well as any other nonjudicial actor. Although there must, of necessity, be some relations between the judiciary and the political powers (especially the Executive), as stated in the Commentary on the Bangalore Principles "such relations must not interfere with the judiciary's liberty in adjudicating individual disputes and in upholding the law and values of the Constitution" (2007, para. 26). Internal independence focuses on guarantees aimed at protecting individual judges from undue pressure from within the judiciary: from other judges and, above all, from high ranking judges. High ranking judges may, for example, exert supervising power over courts' administration (depending on the organization of the judicial system), but they must not - in any way - influence the substance of judges' decision-making.

Institutional independence pertains to the institutional and legal arrangements designed ex ante by the State to shield judges from undue pressure and influence. From this point of view, the most important factors concern the way in which judges are recruited, evaluated, and disciplined, the governance of the judiciary and courts' administration.

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