Answer:
MICE; GIT; FIT
Explanation:
Meetings, Incentives, Conferencing & Exhibitions.
The MICE market refers to a specialized niche of group tourism dedicated to planning, booking, and facilitating conferences, seminars, and other events, which is a big moneymaker in the travel industry.
Group Inclusive Tour
It is a travel program with a special fare and specific requirements usually a minimum number of persons often more than 5 persons traveling as a group throughout the tour.
Foreign Independent Tour
Though somewhat of a misnomer, an FIT is any customized independent tour arranged by a travel agent.
Answer:
C) The firm's exchange rate exposure can be completely hedged with derivatives written on the British pound.
Explanation:
The amount of pound is constant one can completely hedge the interest rate risk.
Answer:
The team has completed 'developing alternatives' step in decision making process
Explanation:
Decision making is a very crucial activity carried out by a manager. Various strategies are adopted in the decision making process so as to to come arrive at an appropriate decision.
One of the stages in decision making process is 'developing alternatives' as a prospective course of action. Out of these alternatives, the best one is chosen based on various analysis.
Here, after brainstorming session, the team came up with three ideas to avoid future crashes. These three ideas represent alternatives. Out of these three ideas, the best idea or alternative would be selected.
So, team has completed 'developing alternative' stage in decision making process.
Answer:
If the interest rate is 6%,then selling the investment for $2,000 is a good deal.
If the interest rate is 10%, then selling the investment for $2,000 is a bad deal.
Explanation:
If the interest rate is 6% then compounded yearly for 10 years 1,000 should have a future value of
1000*1.06^10=1,790
SO if the interest rate is 6% then in 10 years the investment should have a future value of 1,790 and selling it for $2,000 is a very good deal as you are making more than 6% per year which is the interest rate.
Now if the interest rate is 10% the future value will be
1,000*1.1^10=2593
Now the future value is more than 2,000 which means that we will be earning less than the interest rate, which means it is a bad deal.