1.) Commercial Bank
2.)Advisory Firms
3.)Mutual Funds
4.)Insurance Companies
Material requirements planning is simply used for the management of manufacturing processes.
The main aim of the materials requirement planning is that it helps in keeping production activities on track. Also, there's better inventory control and an improvement in scheduling.
Based on the options given, the true statements about materials requirements planning include:
• It is used widely, especially in manufacturing.
• It is considered a push system.
• It uses a time-phased schedule that is based on lead time.
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Answer:
Matching the different types of communications with their descriptions:
Types of Communication Descriptions
business letter : a formal way to communicate with people
outside your organization
business report : a way to communicate financial information
note : an informal handwritten message
memorandum : a formal way to communicate with people
inside your office
Explanation:
a) Data:
Types of Communication:
business letter
business report
note
memorandum
Pairs
a formal way to communicate with people outside your organization
an informal handwritten message
a formal way to communicate with people inside your office
a way to communicate financial information
b) In Business, choosing the means of clear communication is very essential. The format used to communicate internally is not the same format for communicating externally. Even, within an organization, there are still different communication formats. A handwritten note can be used instead of memorandum for some communications depending on the formality required. Presenting a business report is more formalized than a handwritten note, for instance.
Answer: Option C
Explanation: An adjustable mortgage (ARM) is a borrowing form in which the rate of interest charged to the remaining balance varies all across the loan's lifetime. The new interest rate is set for an amount of time with an adjustable-rate mortgage, after which it resets regularly, often quarterly or even monthly.
The mortgage can be given at the normal variable rate/base rate of the lender. There may be a clear and statutorily defined relation to the applicable index, but if the creditor does not provide a specific link to the underlying market or index, the rate may be adjusted at the option of the lender.
Answer:
c. −$80.
Explanation:
The computation of the economic profit is shown below:
Economic profit = Total revenue - Cost of seeds - Earning foregone
where,
Total sales revenue is $300
Cost of seeds is $130
And, the earning foregone is
= 10 hours × $25
= $250
So, the economic profit is
= $300 - $130 - $250
= -$80
We simply applied the above formula to determine the economic profit