673 WordsJul 5th, 20143 Pages
Assignment 3: Banking
(16.0 points) 1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®. a. What is the name of the bank or credit union? (0.5 points) Answer: Bank of America
b. List three facts about savings account options at the bank or credit union you chose. (3 sentences. 1.0 points) Answer: regular savings is for standard savings account; it’s good if you’re just started saving up. Personal savings is if you want to earn more interest with your balance account.
c. List three facts…show more content…
c. Which of the two banks or credit unions that you researched would you be most likely to choose to open an account with? Why? (2-4 sentences. 2.5 points) Answer: Bank of America because it just seem more reliable to me. It’s more of a savings account bank than a checking account bank.
3. What type of bank risk would worry you the most as an account holder? How should the bank protect itself against that risk? (2-4 sentences. 1.0 points)
Answer: I worry about my cash being stolen.
4. If you had a bank account, which two methods of completing transactions do you think you would use most frequently? Why? (2-4 sentences. 1.0 points) Answer: I would do debit cards and cash.
5. In your Section_3 folder, navigate to and open the Example_Check_Register and Example_Bank_Statement, and then answer the questions below. a. According to the bank statement, how many checks were written from this account during the statement period? (0.5 points) Answer: 8
b. There are two differences between the bank statement and the check register. Describe each of them. (2-4 sentences. 1.0 points) TIP: These are transactions that Jessie Robinson forgot to write down in the check register. Answer: the check register describes in detail how she spent her money the bank statement just informs you.
c. Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why? (2-4 sentences. 1.0 points) Answer: I think it’s best to use
Essay on AB220 Unit 8 Assignment
1041 WordsJan 7th, 20155 Pages
Unit 8: Assignment
1. Compare the advantages and disadvantages of acquiring the existing firm, and continuing production in Korea through acquisition for Zip-6.
2. Compare the advantages and disadvantages of re-purchasing the licensing agreement and either establishing Zip-6 subsidiary through Greenfield venture and producing in South Korea, exporting the product to Korea, franchising to another firm or relicensing to another firm.
3. State your choice of options to pursue and reasons for this choice.
1. If you get it right, there can be many good reasons why buying an existing business could make good business sense. Remember though, that you will be taking on the legacy of the…show more content…
2. I will define licensing agreement: in this case we are talking about an international licensing agreement which allow foreign firms, either exclusively or non -exclusively to manufacture a proprietor’s product for a fixed term in a specific market. Licensing is a relatively flexible work agreement that can be customized to fit the needs and interests of both, licensor and licensee.
Advantages of using an international licensing agreement are:
Is highly attractive for companies that are new in international business.
Obtain extra income for technical know-how and services
Quick expand without much risk and large capital investment.
Reach new markets not accessible by export from existing facilities.
Political risk is minimized as the licensee is usually one hundred percent locally owned.
Retain established markets closed by trade restrictions.
Pave the way for future investments I the market.
Low income than in other entry modes.
Risk of having the trademark and reputation ruined by an impotent partner
The foreign partner can also become a competitor by selling its production in places where the parental company is already in.
Loss of control of the licensee manufacture and marketing operations and practices leading to loss of quality.
Franchising agreement compare to licensing agreement tends to be longer and the franchisor offers a broader