A customer has approached a local credit union for a $20,000 1-year loan at a 10% interest rate. If the credit union does not approve the loan application, the $20,000 will be invested in bonds that earn a 6% annual return
Without additional information, the credit union believes that there is a 5% chance that this customer will default on the loan, assuming that the loan is approved. If the customer defaults on the loan, the credit union will lose the $20,000. Construct a decision tree to help the credit union decide whether or not to make the loan. Make sure to label all decision and chance nodes and include appropriate costs, payoffs and probabilities.
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After many years of doing his laundry at a public laundromat, Brett was glad to move into an apartment with washer and dryer hookups. He planned to buy a washer and dryer to save time and money. Which of the following needs would the purchase satisfy?
A. Utilitarian needs B. Psychological needs C. Social needs D. Motivational needs E. Physiological needs
If a firm does not meet its forecasted sales level, leverage will result in a magnified loss in income compared to what is expected.
Answer the following statement true (T) or false (F)
The number on the top of the division line of a fraction is called the ____________________
Fill in the blank(s) with correct word
During the early phases of supply base rationalization and optimization, the process usually results in an absolute reduction in the total number of suppliers
a. True b. False Indicate whether the statement is true or false