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On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th birthday, again on his 19th birthday , again on his 20th birthday ,and again on 21st birthday. If the fund earns interest at 8.5% per year ,compounded annually ,how much should the father deposit at the end of each year, up through the 17th year ? Answer is : $370.95
Service Sector - Financial Services 1. Explosion of customer choice 2. Globalisation of financial services - extensive use of computer technology 3. Innovation on bot
Order Winning, Order Qualifying and Order Losing Criteria Hill (1993) introduced the idea that as well as order winning criteria (OWC), there is also order qualifying criteria
Bridget Jones has been the manager of the research office at her company for over a year. She is beginning to wonder if she will ever be comfortable in this role. Her employees see
Decisions about pay structure in global companies affects: Answer (1) a company's financial and operational requirements. (2) The cost and availability of qualified workers. (3) Th
A company's net income depends on all of the following except a. amount of sales b. cost of goods sold c. interest expenses and taxes. d. inventory estimates
Traditional learning methods include lectures, hands-on, on-the-job training, self-directed learning, apprenticeship, case studies, business games, role plays, behaviour modelling,
1. Name three methods of system classification and typical examples. Answer: 1. Volume/variety; 2. customer interaction/labour intensity; 3. Boulding's classification.
Q 1 The capability index (Cpk) calculates the percentage of items being produced within specifications. Q 2 Design quality in products refers to the degree to which a product or
The forecasted demand for fudge for the next four months is 140, 160, 90 and 70 pounds. A) What is the recommended production rate if a level strategy is adopted with no back order
Consider your daily activities - as a consumer, student, parent, friend, homeowner or renter, car driver, employee etc. - and think about the ways that you are involved in transact
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