Answer: 19.93 minutes
Explanation:
This is the complete question
Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this garage is 15 minutes per car and the standard deviation is 2.4 minutes. The management wants to promote the business by guaranteeing a maximum waiting time for its customers. If a customer's car is not serviced within that period, the customer will receive a 50% discount on the charges. The company wants to limit this discount to at most 2% of the customers. What should the maximum guaranteed waiting time be? Assume that the times taken for oil and lube service for all cars have a normal distribution
The solution is attached below
Answer: An extremely formalized organizational structure
Explanation:
From the question, we are informed that W.L. Gore & Associates is the inventor of path-breaking new products such as breathable GORE-TEX fabrics, Glide dental floss, and Elixir guitar strings.
The most likely to hinder its intention of fostering employee satisfaction, retention, and creativity will be an extremely formalized organizational structure. This is because the top level managers and those at the helm of affair typically make decisions.
By providing the letter with her maximum loan amount Margot risks reducing her negotiating ability
This is further explained below.
<h3>What is a pre-approval letter?</h3>
Generally, A letter from a lender that states that the lender is willing to lend to you in the event of prequalification or preapproval is a document that states the lender is willing to lend to you up to a particular loan amount.
This is not a guaranteed loan offer, and the document that you are looking at is based on certain assumptions.
In conclusion, Margot runs the risk of decreasing her capacity to negotiate by diminishing her leverage by submitting the letter with the maximum loan amount.
Read more about the pre-approval letter
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Answer:
The answer is C.
Explanation:
The US firm is using derivatives to hedge against the risk of Swiss francs falling.
A futures contract is the type of contract that two parties (one the buyer and the other the seller) the buyer will purchase an underlying asset(Swiss francs) from the seller at a later date in the future and at a price agreed by both parties. Futures is a standardized derivatives and it is traded in exchange.
To sell a futures contract or forward contract means the seller is anticipating fall or drop in value or price of the underlying asset (Swiss francs) and we say the seller is holding a short position.
While to buy a futures contract or forward contract means the buyer is anticipating an increase or rise in value or price of the underlying asset (Swiss francs) and we say the seller is holding a long position.
So since the US firm is anticipating a fall in value of Swiss francs, he will sell a futures contract on the Swiss francs