Homework Answers
The way of doing business has changed a lot today and in order to sustain and remain successful, organizations need to be very much effective and therefore organizations have started outsourcing various aspects of their business and as there are advantages there are risks too and they are:
1. Quality standards maintained by the organization may not be in sync with the vendor hence the client organization needs to demonstrate the same to the vendor to have better results.
2. Privacy of data and property is another major risk and the organization needs to sign certain non disclosure agreements regarding the same in order to maintain the same.
3. Reputation or brand image is an aspect that may be considered important and the organization needs to maintain the same as well.
4. The organization may lose certain control over the process hence they need to maintain a clause of transparency so that the organization is aware of the status on a periodic basis.
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A young man followed the advice of his Dad and started saving some money directly from every monthly paycheck where he put $175 into the bank. If the bank was giving him 4% annual interest, how much money will the young man have after 40 years of working? (10 pts) Draw the cash flow diagram. b) (20 pts) What will be the future amount of money in his bank account?
3) (30 pts) A young man followed the advice of his Dad and started saving some...
3) (30 pts) A young man followed the advice of his Dad and started saving some money directly from every monthly paycheck where he put $175 into the bank. If the bank was giving him 4% annual interest, how much money will the young man have after 40 years of working? a) (10 pts) Draw the cash flow diagram. b) (20 pts) What will be the future amount of money in his bank account?
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