It is easy to plan for and manage quality because it can be specifically defined and measured.

Tom and Tammy Evans were ready to purchase a home. The home was to serve as collateral for their mortgage loan. Two insurers declined to insure the home, citing "an adverse CLUE report."

Why would an insurer reject a homeowners insurance application because of an adverse CLUE report? A) because the previous owner had defaulted on the mortgage loan B) because the home is located in an area where the zoning law had been changed C) because there had been property insurance claims filed on the home's previous owner D) because the home is located in an area that does not have a certified fire department

Assume you manage a firm that faces transaction exposure. Your company manufactures and sells tricycles around the world

You have just completed a large sale of tricycles to a chain of stores in Sweden and received a promised payment of 375 krona per tricycle. You have already sold 3,000 tricycles and are now awaiting payment which you expect to receive in 90 days. The exchange rate today is 7.5 krona per dollar. Over the next ninety days, the indirect exchange rate unexpectedly moves from 7.5 to 7.7. What is the fall in domestic revenue due to this unexpected move in the exchange rate? A) $389 B) $1289 C) $2896 D) $3896