Assume that you are the Chase Manhattan Bank of the United States, and you have 1 million Swiss francs in your vault that you will need to use in 30 days. Moreover, you need 500,000 British pounds for the next 30 days. You arrange to loan your francs to Barclays Bank of London for 30 days in exchange for 500,000 pounds today and reverse the transaction at the end of 30 days. You have just arranged a
a. forward contract.
b. futures contract.
c. spot contract.
d. currency swap.
d. currency swap.
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Garlic Cake was supposed to be served as an hors d'oeuvre with sweet breads, spreads, and meats, but at its introduction the company forgot to explain this to potential consumers. This product failure demonstrates
A. not satisfying customer needs on critical factors. B. bad timing. C. poor execution of the marketing mix. D. poor product quality. E. an insignificant point of difference.
Sequential processing happens when:
a. the product has to be processed at the same time across departments. b. several products have to be manufactured in the same plant. c. the product has to go through one process before moving on to the next one. d. the product has to be processed in more than one department at a time. e. None of the answers are correct.
Expert systems
A) solve problems too difficult for human experts. B) are based on DO WHILE rules. C) work in very limited domains. D) share characteristics with mainframe computing. E) are used for knowledge discovery.
The Desai Company just borrowed $1,000,000 for 3 years at a quoted rate of 8 percent, quarterly compounding. The loan is to be amortized in end-of-quarter payments over its 3-year life. How much interest (in dollars) will your company have to pay during the second quarter?
a. $15,675.19 b. $18,508.81 c. $21,205.33 d. $24,678.89 e. $28,111.66