Which of the following statements is true of the Consumer Financial Protection Bureau (CFPB)?
A) It is a non-federal agency that governs consumer finance and mortgage area.
B) The automobile industry is exempt from its supervision.
C) The credit card and debit card industry is beyond its purview.
D) It lacks investigative and subpoena powers.
B
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What is an asset?
A. What a company owns B. What remains after the liabilities are satisfied C. The excess of revenues over expenses D. What a company owes
The four most fundamental factors that affect the cost of money are (1) production opportunities, (2) time preferences for consumption, (3) risk, and (4) the skill level of the economy's labor force.
Answer the following statement true (T) or false (F)
A real estate agent is an example of a(n):
a. agent b. employee c. employee with agency powers d. independent contractor e. agent and independent contractor
The recently hired floor manager at the local store of a national home improvement chain is studying their inventory system. He has chosen patio blocks to be the first item examined. The historical supply and demand data for this item has indicated a constant lead time of 15 days. Demand per day is normally distributed with a mean demand of 2000 per day and standard deviation of 500 per day. He
plans to set the service level at 90% during lead time. a. What is the amount of safety stock of blocks he should keep on hand? b. What is the reorder point he should use?