1. Ethical Issues include all of the following except:
a- honesty and fairness
b- conflict of interests
c- fraud
d- discrimination
e- Human Resource Management
2. A regional bank has its corporate consumer loan underwriting department organized so that loan analysts perform a preliminary analysis on all loan applications before underwriters fully process them. The analysts determine if the application is complete and add additional information obtained from third-party credit rating agencies. They return twenty percent of the loans to branch office personnel who write the initial applications. On average, the analysts receive 160 applications/day. The analysts pass the complete applications to lending officers who underwrite the applications and accept or reject them. On average, 80 applications are waiting to be processed by the analysts and 128 applications are waiting to be processed by the underwriters. The preliminary analysis, on average, takes 30 minutes and the underwriting process, on average, takes 1 hour. Assume there are 8 hours per day.
On average, how long is an underwritten loan application at corporate?
a. 90 minutes
b. 270 minutes
c. 540 minutes
d. 810 minutes
3. Today's work environment requires that most employees fulfill diverse and varying roles.
True or False
4. Amy runs a boutique that caters to high-end customers who prefer to have unique clothing designs. She also works as a personal wardrobe stylist for several of her clients. Amy has now opened a manufacturing firm that focuses on designing and producing fabric that is used to make the unique designs. To which type of production technology does the manufacturing firm belong?
a. arge-batch production
b. Mass production
c. Small-batch production
d. Continuous process production