According to the Insurance Research Council, 14% of U.S. drivers are uninsured. A random sample of seven drivers was selected. What is the probability that less than two of these drivers are uninsured?

Your cash manager is currently using wire transfer to obtain collections from distant locations each time that the cash accumulates to $50,000. Evaluate the financial logic of this policy if the wire transfer costs $20, saves three days of mail time, and interest rates average 7 percent annually.

A) Stop the policy; $8.77 is lost with each transfer. B) Continue the policy at the current transfer amount. C) Improve policy by reducing transfer amount to $34,800. D) Stop the policy unless the transfer amount is increased to approximately $65,200.

Earth-Rite executives are considering internalizing operations in Brazil. Which of the following, if true, best supports this plan?

A) The management of Earth-Rite wants to maximize dissemination of proprietary knowledge. B) Intermediaries and collaborators ensure greater control over domestic operations. C) By internalizing operations, Earth-Rite will retain control of product quality. D) Internalizing value-chain activities increases employee turnover.