Answer: the expected profit will be $755 annually.
Explanation: Expected Profit (EP) = Charges (income for the insurance company) - probability of minor accidents X amount payable for a minor accident - probability of mayor accidents X amount payable for a major accident.
800- 1000 (0.2) -5000 (0.05)= 800-20-25= 755
Answer:
directly related to its competitive advantage
Explanation:
Intellectual property is protected under four key forms:
- patents
- copyrights
- trademarks
- trade secrets
Patents are only handed out if they are useful, new compared to prior arts, and they are not obvious to any person.
Trademarks are useful to identify the source of origin of products and to distinguish those products from others.
Copyright grants the owner of a work the right to determine how it will be used and to obtain economic benefits from it. Ideas cannot be protected under copyright law.
Trade secrets are obviously information not known by the general public and that information has economic value for a business.
Answer:
The answer is letter A, True.
Explanation:
In order to understand the answer better, let's get to know what a bullwhip effect is in a supply chain.
Supply Chain- this is defined as a network of all the individuals, organizations,resources, technology and activities involved in the creation and sale of a product. This starts from the delivery of the source materials from the supplier to the manufacturer up to the delivery to the end user.
Bullwhip effect- <em>this is considered to be a phenomenon of variability magnification. </em>The view moves from the customer to the producer of the supply chain. Thus, the answer is letter A.
<u>Additional Information</u>
The bullwhip effect occurs when the <em>changes in consumer demands cause the companies to order more goods to meet the new demand.</em> This affects the expectations around it, causing a domino effect along the supply chain.
This effect can be prevented by having a clear communication between suppliers and customers. This will allow suppliers to prevent the occurrence of increase cost that will affect the overall supply chain.
Answer: D. All of these (happy to help)
Explanation:
Answer:
b. Increase in communication and coordination costs
Explanation:
Based on the information provided within the question it can be said that she will likely experience a disadvantage with an Increase in communication and coordination costs. This is mainly due to the fact that those individuals are already used to communicating and coordinating with their teams in a very specific way that they have developed through months of working together. By putting members from different divisions together they have to learn how to coordinate with one another which will take time and money.
