1. Agency Problems of MNCs.
a.Explain the agency problem of MNCs.
ANSWER: The agency problem reflects a conflict of interests between decision-making managers and the owners of the MNC. Agency costs occur in an effort to assure that managers act in the best interest of the owners.
b. Why might agency costs be larger for an MNC than for a purely domestic firm?
ANSWER: The agency costs are normally larger for MNCs than purely domestic firms for the following reasons. First, MNCs incur larger agency costs in monitoring managers of distant foreign subsidiaries. Second, foreign subsidiary managers raised in different cultures may not follow uniform goals. Third, the sheer size of the larger MNCs would also create large agency problems.
2. Comparative Advantage.
a. Explain how the theory of comparative advantage relates to the need for international business.
ANSWER: The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. Consequently, there is a need for international business.
b. Explain how the product cycle theory relates to the growth of an MNC.
ANSWER: The product cycle theory suggests that at some point in time, the firm will attempt to capitalize on its perceived advantages in markets other than where it was initially established.
3. Imperfect Markets.
a. Explain how the existence of imperfect markets has led to the establishment of subsidiaries in foreign markets.
ANSWER: Because of imperfect markets, resources cannot be easily and freely retrieved by the MNC. Consequently, the MNC must sometimes go to the resources rather than retrieve resources (such as land, labor, etc.).
b. If perfect markets existed, would wages, prices, and interest rates among countries be more similar or less similar than under conditions of imperfect markets? Why?
ANSWER: If perfect markets existed, resources would be more mobile and could therefore be transferred to those countries more willing to pay a high price for them. As this occurred, shortages of resources in any particular country would be alleviated and the costs of such resources would be similar across countries.
4. International Opportunities.
a. Do you think the acquisition of a foreign firm or licensing will result in greater growth for an MNC? Which alternative is likely to have more risk?
ANSWER: An acquisition will typically result in greater growth, but it is more risky because it normally requires a larger investment and the decision can not be easily reversed once the acquisition is made.
b. Describe a scenario in which the size of a corporation is not affected by access to international opportunities.
ANSWER: Some firms may avoid opportunities because they lack knowledge about foreign markets or expect that the risks are excessive. Thus, the size of these firms is not affected by the opportunities.
c. Explain why MNCs such as Coca Cola and PepsiCo, Inc., still have numerous opportunities for international expansion.
ANSWER: Coca Cola and PepsiCo still have new international opportunities because countries are at various stages of development. Some countries have just recently opened their borders to MNCs. Many of these countries do not offer sufficient food or drink products to their consumers.
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1 A With Reference To The Phasor Diagram State What Is 2850138
/in Uncategorized /by developer1. (a) With reference to the phasor diagram, state what is meant by the load angle of a synchronous motor. (b) What is the value of this angle when the motor runs on no-load? 2. (a) Sketch the curve of the power factor characteristic of a synchronous motor as the excitation current changes.
(b) (i) With reference to the curve in part (a), when the excitation is increasing initially state whether the power factor is leading or lagging.
(ii) Explain, with the help of a phasor diagram for one phase, briefly what happens as the excitation increases further.
3. Explain briefly with the aid of phasor diagrams, how the synchronous machine stator current can be varied if the load is constant.
4. (a) State and explain briefly the main methods of excitation of a synchronous induction motor.
(b) Identify which method of excitation is most commonly used in modern machines.
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1 A What Is The Relationship If Any Between The Amount Shown In The Adjusted Trial B 1416007
/in Uncategorized /by developer1.
a)
What is the relationship, if any,between the amount shown in the adjusted trial balance column for an account and that account and that account’s ledgerbalance?
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1 According To The Ef Is The Human Population Living At Beyond Or Below The Earth S 2766987
/in Uncategorized /by developer1. According to the EF, is the human population living at, beyond or below the Earth’s natural biocapacity? For how long has this been the case? Is this sustainable? (4 marks) 2. According to the EF, is the Chinese population living at, beyond or below China’s natural biocapacity? For how long has this been the case? Is this sustainable? (4 marks) 3. If you assume that EF grows at a constant yearly rate, what is the approximate slope of the EF relationship with time for China? And what is its units? Give the equation of, and sketch this line, with EF on the vertical axis and year on the horizontal axis. (EF for 2012 is 3.4 and for 1961 was approximately 1). (4 marks) 4. If you assume that biocapacity grows at a constant yearly rate, what is the approximate slope of the biocapacity relationship with time for China? And what is its units? Give the equation of, and sketch this line, with biocapacity on the vertical axis and year on the horizontal axis. (biocapacity for 2012 is 0.9 and for 1961 was approximately 1). (4 marks) 5. If this trend continues, what will EF and biocapacity be in 2050? (Hint: use your equation from questions 3 and 4.) What will biocapacity minus EF be in 2050? Will there be a deficit or reserve? (4 marks) 6. Use the data presented in Figure 1 to suggest a policy to make land use sustainable. (4 marks)
The model describes the evolution of a population over time ??. ??(??) = ??0?? (??-??)?? (1) where ??0 is the population at time ?? = 0. 1. If the initial population is ??0 = 2000, the annual birth rate ?? = 0.03 (3% exponential birth rate) and annual death rate ?? = 0.02 (2% exponential death rate), what is the population after 1 year? Explain this result. (4 marks) 2. Find an expression for the growth rate (population change) of the population in terms of time and the parameters. Hint: differentiating with respect to time gives a rate of change. (4 marks) 3. If ??
The model in equation (1) in Part A describes a population untouched by humans: there is no harvesting. We can model what happens if we harvest ?? individuals from the population each period. The unlimited population growth with harvesting model is given by ??(??) = ???? (??-??)?? + ??-???? (??-??)?? (??-??) (2) where ?? is the birth rate, ?? is the death rate, and ?? is the number of individuals taken from the population in each period. 1. Confirm that the rate of population change is ????(??) ???? = (?? – ??)??(??) – ??. (3) (5 marks) 2. Give the meaning of the expression in equation (3). (4 marks) 3. Let ??0 = ??(0) = 2000, ?? = 0.05 and ?? = 0.02. At what rate can the population be harvested sustainably? Hint: The sustainable harvest, ??, will be the value that causes no change in the overall population, i.e. ????(??) ???? = 0. (4 marks) 4. Suppose an ecosystem is being sustainably harvested at exactly its replacement rate, and the population is constant. Now suppose the population experiences a brief disease epidemic, which causes 4% of individuals to perish. What will happen to the population if harvesting continues at the same rate? (4 marks) 5. Suppose a population of fish that follows this model is being harvested sustainably, as before. What will happen in the long run if, one day, a fisherman decides to throw one of the fish back? (4 marks) 6. This type of model is often said to have a “knife-edge” equilibrium. Explain what this means. (4 marks) 7. Governments often levy fishing quotas in areas where populations are at risk. Does this model shed any light on the effectiveness (or otherwise) of these policies? (Hint: what if someone cheats?) (4 marks)
A model linking these ideas was first proposed by a French mathematician Pierre Verhulst in 1838. The Verhulst model can be written as: ??(??) = ??0?? ???? 1+ ??0(?? ????-1) ?? (4) where ??0 is the initial population level. For simplicity, we’ll write the net reproduction rate simply as ??, rather than in terms of births and deaths. 1. What is the growth rate if the initial population is zero? (4 marks) 2. When the population is initially at its carrying capacity, i.e. ??0 = ??, what is the population at time ??? How does the population level change when the growth rate r increases? (4 marks) 3. Differentiate (4) to show that the rate of population growth at time t is ????(??) ???? = ????(??) (1 – ??(??) ?? ) (5) Remember to use the quotient rule to differentiate (4). You will find it easier if you carefully look for the terms that you expect to see in the final expression, and factor those out. (5 marks) 4. Does the population grow faster when it is above the environment’s carrying capacity (N>K), or below it (??
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1 According To Service Quality Model Willingness Of Employees To Solve Problems Of C 2847171
/in Uncategorized /by developer1.According to service quality model, willingness of employees to solve problems of customers is classified as A. responsiveness B.assurance C.empathy D.reliability 2. Considering categories of services mix, air travel with eatable is classified as A. tangible goods with accompanying services B.pure tangible goods C.pure services D.major service with minor goods 3. Legal staff, computer operators and accountants are examples of services of A. government sector B.private non-profit sector C.manufacturing sector D.business sector 4. Hospitals, loan agencies, postal services and schools are examples of services of A.government sector B.private non-profit sector C.manufacturing sector D.business sector 5. Act of specific performance offered by one party to another and tangible in nature is classified as A.service B.product C.co-branding D.None of the above
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1 Abc Company Wishes To Arrange For Overdraft Facilities With Its Bankers During The 2819869
/in Uncategorized /by developer1.ABC company wishes to arrange for overdraft facilities with its bankers during the period from April1 to June 30, 2018 when it will be manufacturing mostly for stock. Prepare Cash Budget for the above period from the following data, indicating the extent of Bank facilities, the company will require at the end of each month. a. Sales Purchases Wages $ $ $ February2,00,000 2,50,000 10,000 March2,20,000 2,80,000 11,000 April2,50,000 3,00,000 12,000 May3,00,000 3,40,000 13,000 June2,80,000 3,20,000 12,000 Document Preview:
ABC company wishes to arrange for overdraft facilities with its bankers during the period from April1 to June 30, 2018 when it will be manufacturing mostly for stock. Prepare Cash Budget for the above period from the following data, indicating the extent of Bank facilities, the company will require at the end of each month. Sales Purchases Wages $ $ $February2,00,000 2,50,000 10,000March2,20,000 2,80,000 11,000April2,50,000 3,00,000 12,000May3,00,000 3,40,000 13,000June2,80,000 3,20,000 12,000 10% of the sales are on cash basis. 50% of the remaining sales are realized in the month following the sales and the remaining 50% in the second month following. 5% sales commission is to be paid within the month following actual sales. Creditors are paid in the month following the month of purchases. Time lag in payment of wages 0.5 month. 12% Bonds of the face value of $1,00,000 were purchased on Jan. 1, 2018 on which interest is received monthly. Salaries to office staff is payable $5,000 p.m. Office rent is $3,000 p.m. Advance tax of $6,000 will be paid on June 15, 2018. Cash in hand on 1April, 2018 $1,20,000.
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1 Ada Restricts The Parameters In A Function Declaration To Be In Parameters Why Is 2110539
/in Uncategorized /by developer1. Ada restricts the parameters in a function declaration to be in parameters. Why is this?
2. A variation on pass by name is pass by text, in which the arguments are evaluated in delayed fashion, just as in pass by name, but each argument is evaluated in the environment of the called procedure, rather than in the calling environment. Show that pass by text can have different results from pass by name.
Q
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1 Acompany Hasjustreceivedsome Stateoftheart Electronicequipment 2843975
/in Uncategorized /by developer(1) Acompany hasjustreceivedsome‘stateoftheart’electronicequipment fromanoverseassupplier.Thepackaginghasbeendamagedduringdelivery andthecompanymustdecidewhetherto accepttheequipment.If the equipmentitselfhasnot beendamaged,itcouldbesoldforapro?tof$10000.However, ifthebatchisaccepted anditturnsouttobedamaged,alossof-$5000will be made.Rejectionoftheequipmentwillleadtonochangeinthecompany’spro?t.Afteracursory inspection, thecompany’s engineerestimatesthatthereisa60%chancethattheequipmenthasnot beendamaged. The company has anotheroption.Theequipment couldbetestedbyalocalspecialistcompany.Theirtest,however, isnotperfectlyreliableandhasonlyan80%chanceofgivingacorrectindication.
Howmuchwoulditbeworthpayingfortheinformationfromthetest?(Assume thatthecompany’sobjectiveistomaximizeexpectedpro?t.)
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1 Agency Problems Of Mncs A Explain The Agency Problem Of Mncs Answer The Agency Pro 2173163
/in Uncategorized /by developer1. Agency Problems of MNCs.
a.Explain the agency problem of MNCs.
ANSWER: The agency problem reflects a conflict of interests between decision-making managers and the owners of the MNC. Agency costs occur in an effort to assure that managers act in the best interest of the owners.
b. Why might agency costs be larger for an MNC than for a purely domestic firm?
ANSWER: The agency costs are normally larger for MNCs than purely domestic firms for the following reasons. First, MNCs incur larger agency costs in monitoring managers of distant foreign subsidiaries. Second, foreign subsidiary managers raised in different cultures may not follow uniform goals. Third, the sheer size of the larger MNCs would also create large agency problems.
2. Comparative Advantage.
a. Explain how the theory of comparative advantage relates to the need for international business.
ANSWER: The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. Consequently, there is a need for international business.
b. Explain how the product cycle theory relates to the growth of an MNC.
ANSWER: The product cycle theory suggests that at some point in time, the firm will attempt to capitalize on its perceived advantages in markets other than where it was initially established.
3. Imperfect Markets.
a. Explain how the existence of imperfect markets has led to the establishment of subsidiaries in foreign markets.
ANSWER: Because of imperfect markets, resources cannot be easily and freely retrieved by the MNC. Consequently, the MNC must sometimes go to the resources rather than retrieve resources (such as land, labor, etc.).
b. If perfect markets existed, would wages, prices, and interest rates among countries be more similar or less similar than under conditions of imperfect markets? Why?
ANSWER: If perfect markets existed, resources would be more mobile and could therefore be transferred to those countries more willing to pay a high price for them. As this occurred, shortages of resources in any particular country would be alleviated and the costs of such resources would be similar across countries.
4. International Opportunities.
a. Do you think the acquisition of a foreign firm or licensing will result in greater growth for an MNC? Which alternative is likely to have more risk?
ANSWER: An acquisition will typically result in greater growth, but it is more risky because it normally requires a larger investment and the decision can not be easily reversed once the acquisition is made.
b. Describe a scenario in which the size of a corporation is not affected by access to international opportunities.
ANSWER: Some firms may avoid opportunities because they lack knowledge about foreign markets or expect that the risks are excessive. Thus, the size of these firms is not affected by the opportunities.
c. Explain why MNCs such as Coca Cola and PepsiCo, Inc., still have numerous opportunities for international expansion.
ANSWER: Coca Cola and PepsiCo still have new international opportunities because countries are at various stages of development. Some countries have just recently opened their borders to MNCs. Many of these countries do not offer sufficient food or drink products to their consumers.
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1 Adjusted Trial Balance 31 March To 31 March 2017 Reports Accountant And 2 Audit Tr 2264051
/in Uncategorized /by developer1. Adjusted Trial Balance: 31 March to 31 March 2017 (Reports ? Accountant) and 2. Audit Trail Report: (Reports ? Accountant ? Audit Trail)Please make sure that Reckon User Name (student number and surname/family name: 9903321Wang) are included in the Audit Trail Report generated by Reckon!!!!!
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1 QUT Business School School of Accountancy BSB110: ACCOUNTING SEMESTER 1, 2017 ASSESSMENT ITEM NUMBER 1: DECISION MAKING IN ACCOUNTING PART B Weighting Total: 10% Due Date and Time: Upload to Turnitin by 5pm Friday 5 May 2017 Assessment submitted after the due date without an approved extension will not be marked and will receive a grade of 1 or 0%. If special circumstances prevent you from meeting the assessment due date, you can apply for an extension. If you don’t have an approved extension you should submit the work you have completed by the due date and it will be marked against the assessment criteria. Submission Requirements: You must upload the following reports in pdf format to Turnitin through Assessment/Assignment (Accounting for Decision Making Part B) Submission Area in the BSB110 Blackboard site by 5pm on 5 May 2017. The reports required from Reckon Software: 1. Adjusted Trial Balance: 31 March to 31 March 2017 (Reports ? Accountant) and 2. Audit Trail Report: (Reports ? Accountant ? Audit Trail) The date range should be from 12/04/2017 to current date (date you are printing). o In those cases where the Audit Trail Report is not submitted in the appropriate format (including your student number and name printed on the report) investigations into plagiarism may be commenced. o If no Audit Trail Report is provided, the assignment will not be marked. • Please make sure that your Reckon User Name (student number and surname/family name eg 9876543Smith) are included in the Audit Trail Report generated by Reckon (they may not be handwritten on afterwards). Group or Individual: Individual This assessment item assesses the following learning outcome: Knowledge and Technological Skills (KS) 1.1 Demonstrate and apply theoretical and technical knowledge across the broad field of business. 1.2 Apply technical and technological skills appropriate and effective for real world business purposes…
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1 All Dogs Are Dangerous The Golden Retriever Is A Dog Therefore The Golden Retrieve 2844207
/in Uncategorized /by developer1. All dogs are dangerous. The golden retriever is a dog. Therefore,the golden retriever is dangerous.
Is this argument soundor unsound?All dogs are dangerous. The golden retriever is a dog. Therefore, the golden retriever is dangerous. a.Is this argument sound or unsound?
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