The Big Mac is considered a good candidate for the application of the law of one price and measurement of under or overvaluation of a currency. Develop an argument as to why this is a good idea
What will be an ideal response?
Answer: First, the product itself is nearly identical in each market. This is the result of product consistency, process excellence, and McDonald's brand image and pride. Second, and just as important, the product is a result of predominantly local materials and input costs. This means that its price in each country is representative of domestic costs and prices and not imported ones, which would be influenced by exchange rates themselves. The index, however, still possesses limitations. Big Macs cannot be traded across borders, and costs and prices are influenced by a variety of other factors in each country market, such as real estate rental rates and taxes.
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_____ is the information an IS produces and displays in the format most useful to an organization.
Fill in the blank(s) with the appropriate word(s).
A firm has two partners: Jim and Bill. Jim owns 60% of the partnership and Bill owns 40%. In which of the following transactions will the partnership be held responsible for an individual partners' actions?
A) Jim signs a contract as a guarantor for Bill's personal loan. B) Jim buys a laptop on credit for personal use. C) Bill signs a contract to buy furniture for official use in the partnership. D) Bill defaults on payment of his personal credit card bill.
For a professional image, letters should be folded to produce the fewest number of creases
Indicate whether the statement is true or false
Which of the following is FALSE about optional elements appearing after the complimentary close?
a. An enclosure notation must identify the number and type of enclosure. b. A copy notation appears below the enclosure notation. c. The company name is optional when letterhead is used. d. The computer file notation provides information about where the file can be found on the computer network.