“Prior to the advent of the Coronavirus, cybersecurity was ranked as the greatest risk

to doing business in North America by the World Economic Forum (WEF). In its 2019

Global Risks Report it ranked as the second biggest business risk for the UK and

Ireland after Brexit”.

- Advise how a companies’ board of directors could implement a risk management

strategy to address future uncertainties.

-Evaluate the characteristics of an effective risk management system that would

address the key issue to which the above quotation, draws attention.

A foreign exchange trader based in the US, authorized to borrow $450,000 or its foreign currency equivalent faces the following quotes:

Spot rate: $1.3000/pound

Six Month Forward: $1.3085/pound

US Interest Rate: 3.0% per annum

UK Interest Rate: 2.0% per annum

Is covered Interest arbitrage possible, and if so, how much profit can the trader make via 1 covered interest arbitrage transaction? Please show all steps and work.

Table 2 illustrated a hypothetical urban-rural differences in suicide in Europe

Country Urban Rural

Denmark 80 32

Sweden 50 32

UK 26 18

 What explanation can you offer for these urban-rural suicide differences?

 Does this information change your views on the reasons for urban-rural? If not, what explanation can you put forward for this finding within rural areas

 Why would an urban-rural suicide difference disappear with time?

Section 2 Business Application in the EU

4. Discuss the positive and negative effects on consumer markets of EU market Competition Policy. Please use examples to support your response.

5. B+C Motorcycles are based in the UK looking to enter the European markets for the first time. Advise the company on the research information and methods that they should undertake in order to establish which country target market is most attractive to them.

6. Discuss the impact of robots on the millennial worker and the repercussions on EU Migration.

Chip makers (Qualcomm and Intel, for instance) and Smart Phone manufacturers (Apple and Samsung, for instance) belong to two oligopoly markets. However, these markets are connected because smart phones cannot work without chips. In 2017 we have seen a complex battle over patents and how much license fees should be between Apple and Qualcomm, the largest players in each market. They were fighting with lawsuits in the US, UK and China. Apple ended the litigation with Qualcomm in 2019 and agreed to buy Qualcomm Snapdragon chips because Intel-Apple were not able to develop 5G chips, Samsung and Wawei already have it, and Apple found itself cornered without 5G chips. However, the discussion of licence fee models is still relevant. Read this Reuters' article from 2017 about the license fee model supported by Qualcomm, Nokia and Ericsson, and the license fee model that Apple, Google, Mercedes, and VW would like to have: https://www.reuters.com/article/legal-uk-eu-technology-patents/apple-faces-down-qualcomm-ericsson-over-eu-patent-fees-idUSKCN1C71EO

1. Show with an example how these two license fee models are different.

2. As a consumer of final products and not chips, what model favors you? Why?

5. (a)A sample of 12 of bags of Calbie Chips were weighed (to the nearest gram), and listed, here as follows.

219, 226, 217, 224, 223, 216, 221, 228, 215, 229, 225, 229 Find a 95% confidence interval for the mean mass of bags of Calbie Chips.

[9 marks]

(b) Professor GeniusAtCalculus has two lecture sections (A and B) of the same 4th year Advanced Calculus (AMA 4301) course in Semester 2. She wants to investigate whether section A students maybe ”smarter” than section B students by comparing their perfor- mances in the midterm test. A random sample of 12 students were taken from section A, with mean midterm test score of 78.8 and standard deviation 8.5; and a random sample of 9 students were taken from section B, with mean midterm test score of 86 and standard deviation 9.3. Assume the population standard deviations of midterm test scores for both sections are the same. Construct the 90% confidence interval for the difference in midterm test scores of the two sections. Based on the sample midterm test scores from the two sections, can Professor GeniusAtCalculus conclude that there is any evidence that one section of students are ”smarter” than the other section? Justify your conclusions.

[8 marks]

(c) The COVID-19 (coronavirus) mortality rate of a country is defined as the ratio of the number of deaths due to COVID-19 divided by the number of (confirmed) cases of COVID-19 in that country. Suppose we want to investigate if there is any difference between the COVID-19 mortality rate in the US and the UK. On April 18, 2020, out of a sample of 671,493 cases of COVID-19 in the US, there was 33,288 deaths; and out of a sample of 109,754 cases of COVID-19 in the UK, there was 14,606 deaths. What is the 92% confidence interval in the true difference in the mortality rates between the two countries? What can you conclude about the difference in the mortality rates between the US and the UK? Justify your conclusions. [8 marks]

After reading this case study, complete the exercises following:

Mr. T.Y. is a 51-year-old Caucasian male scheduled for cardiac catheterization. His risk factors for heart disease are prior congestive heart disease, transient ischemic attack involving left arm, former prolonged tobacco use, a diet high in saturated fat, hyperlipidemia, obesity, hypertension, and poorly controlled diabetes. He made some attempts at risk reduction, stopping smoking two years ago and losing 40 pounds. However, he currently enjoys eating red meat at least twice a day. A butcher, he states he has no intention of quitting because he loves meat which is high in saturated fat.

Mr T. Y. has questions about this pending heart catheterization, though he had undergone one in 2002. He was concerned about the risks of possible new percutaneous interventions, and fearful that his disease might be too advanced for any treatment. Mr. T. Y. is coping with his anxiety by reading his Bible and praying, talking to his family on the phone, and asking numerous questions of the staff about the procedure.

His nurse assessed him as eager and motivated to learn about the cardiac catheterization procedure, but only somewhat motivated to learn about the appropriate dietary management of his heart condition. He did ask questions about what would be healthy to eat, but when he was told what an optimal diet would be, he shook his head “No,” indicating that a heart healthy diet as described was unacceptable.

1. Identify at least three high-priority learning needs (as evidenced by need for behavioral changes, not just by knowledge deficit) for Mr. T.Y.

2. Using the four indicators of physical, emotional, experiential and knowledge readiness, contrast Mr. T.Y.s readiness to learn about the imminent procedure with his readiness to learn about healthy dietary changes.

The president of State University wants to forecast student enrollment for this academic year based on the following historical data:

What is the forecast for this year using exponential smoothing with alpha = 0.5, if the forecast for two years ago was 16,000?

The following is adapted for academic purposes from the original speech: “Staying on Top of Our Game” by Singapore Minister Mr Ong Ye Kung during the launch of the Financial Services Industry Transformation Map on 30th Oct 2017.

“The regulator facilitates the development of infrastructure upon which new services and ideas can thrive. A good example is the payments infrastructure. Three years ago, MAS worked with the banking industry to launch FAST, to conduct direct real-time transfers between bank accounts. This year, the banks launched PayNow, which links bank accounts to NRIC or mobile numbers, making transfers more convenient. More importantly, PayNow will activate the full potential of FAST. It currently works only for P2P, but will be progressively expanded for P2B and B2B next year. To further facilitate this, we will introduce by the end of the year a common QR code that can accept all payments using QR readers…..”

Question 3:
Appraise and discuss how a well-regulated payment system will enable the Singapore financial market to perform its functions effectively.