Identify the kind of problem with the following questions:

1. Do you know the day of the week when you joined your job?
2. Don’t you think that employees should be paid bonus for this quarter?
3. Do you agree that disabled employees should be laid off?
4. To what extent do you believe that MBA is a challenging course and is related to your job?

Q7. Marketing management is described as a total organizational activity which calls for a total corporate effort for business sustainability. As a Business Development Manager of your firm, identify and assess five (5) contributions of Marketing in growing and sustaining the business.

(Please the Expert needs to submit a detailed answer which must be a standout in a very competitive MBA Marketing Class).

3. Acquired lmmunity

A) Discuss immunity acquired by vaccination

B) Discuss immunity acquired by disease exposure

C) Discuss. Acquired immunity Deficiency syndrome

D) Discuss the function of T-Cells

( B ) : In each quarter of every year, the maximum capacity of the "MBA

Co." is 4000 hours available for sorting and re-packing two sorts of imported apples in special boxes where each box contains only one ton of either the red or the yellow apples. The monthly common committed fixed costs of the company is L.E. 100000, and the following estimates are presented in relation to the coming quarter which will start July 1, 2015 :-

eqrequired :

Use appropriate traditional managerial accounting marginal analysis techniques to determine the optimal imports mix the   company should consider for the third quarter of 2015, then prepare this quarter's expected detailed income statement.

The Dean of ASBE School of Business is concerned that grades in the MBA program are distributed appropriately. Too many high grades or too many low grades would pose a problem. We wish to test the claim that the mean GPA of ASBE students is smaller than 3.6 at the .01 significance level.

The null and alternative hypothesis would be:

• H0:μ=3.6
  Ha:μ<3.6
• H0:p=3.64/4
  Ha:p≠3.64/4
• H0:p=3.6/4
  Ha:p>3.6/4
• H0:p=3.6/4
  Ha:p>3.6/4
• H0:μ=3.6
  Ha:μ>3.6
• H0:p=3.6/4
  Ha:p<3.6/4
• H0:μ=3.6
  Ha:μ≠3.6

• The test is:

  two-tailed

  right-tailed

  left-tailed

  
  
  Based on a sample of 20 student grades, the sample mean GPA was 3.55 with a standard deviation of 0.08
  
  The test statistic is:  (Round to 3 decimals)
  
  Based on this we:
• Fail to reject the null hypothesis
• Reject the null hypothesis

The Dean of ASBE School of Business is concerned that grades in the MBA program are distributed appropriately. Too many high grades or too many low grades would pose a problem. We wish to test the claim that the mean GPA of ASBE students is smaller than 3.3 at the .005 significance level.

The null and alternative hypothesis would be:

• H0:p=3.34H0:p=3.34
  Ha:p>3.34Ha:p>3.34
• H0:μ=3.3H0:μ=3.3
  Ha:μ≠3.3Ha:μ≠3.3
• H0:p=3.34H0:p=3.34
  Ha:p<3.34Ha:p<3.34
• H0:μ=3.3H0:μ=3.3
  Ha:μ<3.3Ha:μ<3.3
• H0:p=3.34H0:p=3.34
  Ha:p≠3.34Ha:p≠3.34
• H0:μ=3.3H0:μ=3.3
  Ha:μ>3.3Ha:μ>3.3

The test is:

left-tailed

two-tailed

right-tailed

Based on a sample of 75 student grades, the sample mean GPA was 3.28 with a standard deviation of 0.02

The test statistic is:  (Round to 3 decimals)

Based on this we:

• Fail to reject the null hypothesis
• Reject the null hypothesis

A shareholders' group is lodging a protest against your company. The shareholders group claimed that the mean tenure for a chief exective office (CEO) was at least 9 years. A survey of 59 companies reported in The Wall Street Journal found a sample mean tenure of 7.3 years for CEOs with a standard deviation of s=s= 5 years (The Wall Street Journal, January 2, 2007). You don't know the population standard deviation but can assume it is normally distributed.

You want to formulate and test a hypothesis that can be used to challenge the validity of the claim made by the group, at a significance level of α=0.01α=0.01. Your hypotheses are:

      Ho:μ=9Ho:μ=9
      Ha:μ<9Ha:μ<9

What is the test statistic for this sample?
test statistic =  (Report answer accurate to 3 decimal places.)

What is the p-value for this sample?
p-value =  (Report answer accurate to 4 decimal places.)  

The p-value is...

• less than (or equal to) αα
• greater than αα

This test statistic leads to a decision to...

• reject the null
• accept the null
• fail to reject the null

As such, the final conclusion is that...

• There is sufficient evidence to warrant rejection of the claim that the population mean is less than 9.
• There is not sufficient evidence to warrant rejection of the claim that the population mean is less than 9.
• The sample data support the claim that the population mean is less than 9.
• There is not sufficient sample evidence to support the claim that the population mean is less than 9.

Considering the calculations you have done so far, you need to attend to a number of import and export transactions for goods that companies in the United States expressed interest in.

The first transaction is for the import of good quality wines from Australia, since a retail liquor trading chain customer in the United States, for who you have been doing imports over the past five years has a very large order this time. The producer in Australia informed you that the current cost of the wine that you want to import is AUD$2,500,000. The wine in Australia can be shipped to the United States immediately but you have three months to conduct payment.

The second transaction is for the export of 3d printers manufactured in the U.S.A. The country where it will be exported to is Britain. The payment of £2,500,000 for the export to Britain will be received nine months from now.

You consider different transaction hedges, namely forwards, options, and money market hedges.

You are provided with the following quotes from your bank, which is an international bank with branches in all the countries:

Forward rates:

Bank applies 360 day-count conventions to all currencies (for this assignment apply 360 days in all calculations).

Annual borrowing and investment rates for your company:

Bank applies 360 day-count convention to all currencies. Explanation – e.g. 3 month borrowing rate on $ = 2.687%. This is the annual borrowing rate for 3 months. If you only borrow for 3 months the interest rate is actually 2.687%/4 = 0.67175% (always round to 7 decimals when you do calculations). Furthermore, note that these are the rates at which your company borrows and invests. The rates are not borrowing and investment rates from a bank perspective.

Option prices:

Bank applies 360 day-count convention to all currencies. (Students also have to apply 360 days in all calculations). Option premium calculations should include time value calculations based on US $ annual borrowing interest rates for applicable time periods e.g. 3 month $ option premium is subject to 2.687%/4 interest rate.)

a. Calculate the cost of money market hedges for the import from Australia (Complete Table 3 on the separate answer sheet).

b. Determine the option types that you will consider based on the exchange rate quotes provided by your bank. Remember we will long or short the base currencies (in this case study the currencies that are not $) and the FV of premium cost is based on the borrowing cost of $ for the time period of the option. For example if it is a 3 month option, then the interest rate that should be applied is United States 3 month borrowing rate of 2.687%/4 = 0.67175%). Calculate the total cost of using options as hedging instrument for the imports from Australia (Complete Table 4 on the separate answer sheet).

Table 3: Australia import cost with money market hedge:

Table 4: Australia import cost with option hedge:

Mini Case

With the growth in demand for exotic foods, Possum Products’s CEO Michael Munger is considering expanding the geographic footprint of its line of dried and smoked low-fat opossum, ostrich, and venison jerky snack packs. Historically, jerky products have performed well in the southern United States, but there are indications of a growing demand for these unusual delicacies in Europe. Munger recognizes that the expansion carries some risk. Europeans may not be as accepting of opossum jerky as initial research suggests, so the expansion will proceed in steps. The first step will be to set up sales subsidiaries in France and Sweden (the two countries with the highest indicated demand), and the second is to set up a production plant in France with the ultimate goal of product distribution throughout Europe.

Possum Products’s CFO, Kevin Uram, although enthusiastic about the plan, is nonetheless concerned about how an international expansion and the additional risk that entails will affect the firm’s financial management process. He has asked you, the firm’s most recently hired financial analyst to develop a 1-hour tutorial package that explains the basics of multinational financial management. The tutorial will be presented at the next board of directors meeting. To get you started, Uram has supplied you with the following list of questions:

Solution

a.What is a multinational corporation? Why do firms expand into other countries?

b.What are the six major factors that distinguish multinational financial management from financial management as practiced by a purely domestic firm?

c.Consider the following illustrative exchange rates.

(1)What is a direct quotation? What is the direct quote for euros?

(2)What is an indirect quotation? What is the indirect quotation for kronor (the plural of krona is kronor)?

(3)The euro and British pound usually are quoted as direct quotes. Most other currencies are quoted as indirect quotes. How would you calculate the indirect quote for a euro? How would you calculate the direct quote for a krona?

(4)What is a cross rate? Calculate the two cross rates between euros and kronor.

(5)Assume Possum Products can produce a package of jerky and ship it to France for $1.75. If the firm wants a 50% markup on the product, what should the jerky sell for in France?

(6)Now assume that Possum Products begins producing the same package of jerky in France. The product costs 2 euros to produce and ship to Sweden, where it can be sold for 20 kronor. What is the dollar profit on the sale?

(7)What is exchange rate risk?

d.Briefly describe the current international monetary system. How does the current system differ from the system that was in place prior to August 1971?

e.What is a convertible currency? What problems arise when a multinational company operates in a country whose currency is not convertible?

f.What is the difference between spot rates and forward rates? When is the forward rate at a premium to the spot rate? At a discount?

g.What is interest rate parity? Currently, you can exchange 1 euro for 1.25 dollars in the 180-day forward market, and the risk-free rate on 180-day securities is 6% in the United States and 4% in France. Does interest rate parity hold? If not, which securities offer the highest expected return?

h. What is purchasing power parity? If a package of jerky costs $2 in the United States and purchasing power parity holds, what should be the price of the jerky package in France?

i.What effect does relative inflation have on interest rates and exchange rates?

j. Briefly discuss the international capital markets.

k.To what extent do average capital structures vary across different countries?

l.Briefly describe special problems that occur in multinational capital budgeting, and describe the process for evaluating a foreign project. Now consider the following project: A U.S. company has the opportunity to lease a manufacturing facility in Japan for 2 years. The company must spend ¥1 billion initially to refurbish the plant. The expected net cash flows from the plant for the next 2 years, in millions, are CF1 ¥500 and CF2 ¥800. A similar project in the United States would have a risk-adjusted cost of capital of 10%. In the United States, a 1-year government bond pays 2% interest and a 2-year bond pays 2.8%. In Japan, a 1-year bond pays 0.05% and a 2-year bond pays 0.26%. What is the project’s NPV?

m.Briefly discuss special factors associated with the following areas of multinational working capital management:

(1) Cash management

(2) Credit management

(3) Inventory management

In which way(s) does urbanization increase genetic drift (select all that apply)?

Environmental changes leading to an increase in genome-wide mutation rates

New populations establishing themselves in the urban environment leading to a founder effect

High number of roads in urban environment, cutting habitats in smaller fragments

Novel selective pressures in the environment such as pollutants leading to bottlenecks