Alex Wants to Borrow $1,000 from Kara

question 33

Multiple Choice

Alex wants to borrow $1,000 from Kara.If he repays the loan in one year, Kara will require him to pay 5 percent interest on the loan.If Alex wants to repay the loan over three years, but Kara strongly prefers present to future consumption, we would expect the interest rate on a three-year loan to be

• A)lower than for a one-year loan.
• B)greater than for a one-year loan.
• C)the same as for a one-year loan.
• D)higher if Kara expected there to be no inflation over the loan repayment period.

Distinguish the roles and responsibilities of purchasing managers, including supplier selection and performance management.

Comprehend different types of inventory costs and their implications on business operations.

Identify and differentiate between the various distribution channels and warehouse functions.

Recognize the importance of sustainability and environmentally responsible practices in supply chain and materials management.

---

Definitions:

Competition Panel

A term that can refer to a group or jury in a competitive event tasked with overseeing and judging the competition.

Lorenzo De' Medici

An Italian statesman and de facto ruler of the Florentine Republic during the Italian Renaissance, known for his patronage of the arts and scholarship.

Savonarola

Girolamo Savonarola was a Dominican friar and preacher in Renaissance Florence who is known for his prophecies of civic glory, the destruction of secular art and culture, and his call for Christian renewal.

Camera Degli Sposi

A room in the Ducal Palace of Mantua, Italy, celebrated for its frescoes by Andrea Mantegna that include trompe l'oeil effects and courtly scenes.