International Business Case Study - 1558 Words

1. What is international business? An international business is the exchange of goods and services with business or individuals in different countries all over the world. 2. Explain the 5 benefits that international trade offers to businesses? The 5 benefits that international trade offers to businesses are: Access to the Market - It’s when most business depend on international trade for their economic survival. Most countries usually have a larger international market then domestic market. Sometimes larger markets don’t always convert into big sales. Other times, certain countries companies have trouble adapting their products to several different types of markets because consumers that buy the item or contribute to the service have†¦show more content†¦3. Describe the 5 P’s of international business. The 5 P’s of international business are: Product – Basically, the product of international business is what you are selling to your target audience to buy your item. A resource in a country determines what goods and services it can produce. Price – The price is what you’re going to set for a certain product or service. It can be adjusted to the price of the product or service according to where you are. Proximity - The proximity of international business is if it can be more profitable to sell products or services to consumers in neighbouring or domestic countries. Preference – The preference of international business depends on consumers. Consumers may want to buy foreign goods or services over domestic brands, because of their specialization and reputation. Promotion – According to nowadays, the time technology makes it easier to advertise products and provide services internationally. 4. Explain the 5 barriers to international business. The 5 barriers to international business are: Tariffs- They’re a form of tax on certain types of imports. They are based on a percentage-of-value basis or on some specific basses. This is very important for any government while managing trade with other nations. This is a barrier to trade between certain countries r in geographical areas. Non-tariff barriers - Non-tariff barriers areShow MoreRelatedInternational Business Case Study2274 Words   |  10 PagesInternational Business Case Study Sun Life Financial and Indian Economic Surge How is the Insurance market in India changing? Why is India an attractive market for investment? The insurance market in India has undergone significant changes over the past few years The Insurance Act of 1938 was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely nationalized on January 19, 1956, through theRead MoreInternational Business Case Study7015 Words   |  29 PagesAssociation of Business Executives QCF International Business Case Study Fiat Automobiles S.p.A Tuesday 4 June 2013, Afternoon This is an open-book examination, and you may consult any previously prepared written material or texts during the examination. Only answers that are written during the examination in the answer book supplied by the examination centre will be marked. 6IBCS0613  © ABE 2013 J/601/2793 Notes l As in real life, anomalies may be found in this Case Study. PleaseRead MoreInternational Business Case Study934 Words   |  4 Pagescontaining vitamins and minerals which can prevent heart disease, obesity and dental problems. 2. What, if anything, can Western countries do to help improve the political climate for doing business in Vietnam? Give examples. a. By continuing and growing their exports, this can help to improve business in Vietnam. After the Vietnam war Vietnam became communist in 1975. Even though a lot has changed since then, Vietnam continues to be a communist country today. The politic framework in VietnamRead MoreUber International Business Case Study1471 Words   |  6 PagesUber is an international mobile application (‘app’) available on operating systems such as iOS and Android. It uses several technology developments such as geographical tracking and payments processed through their mobile app as opposed to cash in hand payments like traditional taxi cabs. These developments match Uber drivers with customers either individually or using ride-sharing depending on their needs. This is a report that will be based on the research and findings of the case study on Uber UKRead MoreCase Study: International Business and Globalization605 Words   |  2 PagesSubject - International Business/Globalization Case Study - Matsushita and Japans Changing Culture Question - How did traditional Japanese culture benefit Matsushita during the 1950s to 1980s? Matsushita, a giant Japanese electronics company, was founded in 1918. Its work largely lay in its supplying Japan with radio equipment and other appliances. Traditional Japanese culture benefitted Matsushita during the 1950s to 1980s by creating a close and dedicated relationship between the companyRead MoreInternational Business Case Study Essay1164 Words   |  5 PagesThe Problem Within This Situation It is this impact upon Krom Bop-A-Lee’s psyche which serves as the primary problem in this particular situation. Krom Bop-A-Lee’s company should be proud to have her representing it; too often liaisons on international business trips of this nature are content to accept the overwhelming hospitality of their hosts and choose to ignore the goings-on â€Å"behind the scenes†. She should be commended for her dedication and willingness to immerse herself in every level ofRead MoreCase Study - Association for the Study of International Business (Asib)1353 Words   |  6 Pagesdo take on this large task in-house. However, I feel the potentially high revenues could be significant. Association for the Study of International Business (ASIB) Online Revenue Models Internet Commerce Chapter 3, Case 2 This report covers recommended online revenue models for ASIB’s journals, â€Å"Annals of International Business† and â€Å"International Business Today.† ASIB’s current net profit for both journals is $14,400 per year. My revenue model recommendations would amount to a profitRead MoreGreece International Business Case Study1200 Words   |  5 PagesGreece’s International Business Greece  achieved  independence from the Ottoman Empire in 1830.  all through  the second  half  of the  10th  century and the first  half of  the 20th century, it  step by step  delivered  neighboring islands and territories,  most  with Greek-talking  populations. In  world  struggle  II, Greece  become  first invaded  by  Italy (1940) and  in the end occupied  with the aid of  Germany (1941) combating  continued  in a long  civil  warfare  between supporters of the king and  different  anti-communistRead MoreInternational Business Programs Case Study834 Words   |  4 Pageswant to get connected with the international programs, they can do so, by learning who the faculty and staff are. There are numerous of faculty and staff members on the international programs. Some of them include Brad Bodenhausen, a director of international leadership and training center, Yi Winnie Wu, a assistant program specialist, Jinzi Fan , a program specialist in the international leadership and training center, Kelly Cabrera, a coordinator in the international leadership and training centerRead MoreInternational Business Case Study on Boeing4493 Words   |  18 PagesPolitical and Legal Strategic trade theory / strategic trade policies The political and legal aspect is especially crucial to conducting a business on an international level. Firms involved in global business must be familiar with and obey not only the laws of their home country, but also the local laws of each country in which they do business, and international laws. From a different perspective, governments may also utilize different regulations, such as exchange rates, interest rates, taxation

High Level Overview On The Standards Committee Essay

Fast fact sheets intend to deliver a high-level overview of a given content area and provide important information or answers to the most frequently asked questions. Please utilize these sheets to maintain consistency in language, responses to questions, and guidance to the district constituencies. Q: Who is on the Standards Committee? A: The Vice President-Standards, President, New Member Chairman, one member-at-large, one elected representative from each academic class and the Standards Adviser serve on the Standards Committee. †¢ The New Member Chairman serves on the Standards Committee all year, even when there is no new member class. †¢ In the absence of the Standards Adviser, a Field Representative, Standards Specialist or other adviser may fill in. Keep in mind that limiting the number of people involved is important to maintain confidentiality. †¢ Members must be initiated before they can serve on the committee. †¢ Members of the committee also serve as liaisons to the House Committee, Finance Committee, Event Committee, Risk Management Committee, Education Committee, Academic Excellence Committee and Catalogue Committee to facilitate smooth and consistent communication. This opportunity provides members of the Standards Committee with leadership experience as well as lessons in individual and group accountability. †¢ In the event that there are not enough members available to serve on the Standards Committee, members of the Academic Excellence Committee may step in.Show MoreRelatedQuality Improvement Action Plan Implementation Essay1233 Words   |  5 Pagesour inpatient pediatric population. Process Timeline for Planning An organization must create the operational plan timeline prior to the execution. All changes related to vascular access devices (VAD) must gain support and approval of the VAD committee; hence, the need to present the project plans with the supporting research to gain buy-in. Consequently, the planning timeline should include meeting with the stakeholders. MCH chose to use a Gantt timeline. A Gantt chart is a bar chart thatRead MoreEssay on Different Perceptions of Audit Quality799 Words   |  4 Pagesby an investor and by the members of the audit committee. The investor looks through the auditor reporting, the reputation of an auditor and last the expectation of an audit. On the other hand, the member of the audit committee seems to check the quality of an audit, the process of an audit and last the interactions and communication of an auditor (International Federation of Accountants, 2014). Each of the measure is quantitative. To measure the level of relevance the operational inputs and auditRead MoreRoles and responsibilities of auditors, CEO, directors1697 Words   |  7 Pagesposition and performance (Gay Simnett, 2013). In order to do so, Caltex Australia appointed an internal audit committee who, among other duties, are responsible for reviewing the integrity of the financial reports and recommending policies and internal controls to ensure accurate and eff icient reporting practices are carried out while minimizing the risk of fraud. This audit committee will hire the services of an external auditor and review their independence as well as monitoring their progressRead MoreProjects: Insurance Contracts and Revenue Recognition1606 Words   |  7 Pagesto the work programme of the accounting standard-setting body The insurance industry is a significant and increasingly international industry and insurance contracts expose entities to uncertain and long term obligations. In recent years, insurance contracts of accounting fail to provide users the information that they need to understand the insurer’s performance, financial position and risk exposure. Furthermore, International Financial Reporting Standards does not define and address specific insuranceRead MoreVermont Teddy Bear Company : Organization Overview1533 Words   |  7 PagesAndres Galban Vermont Teddy Bear Company Organization Overview - Background Vermont Teddy Bear was founded by John Sortino, who began selling plush bears from a mall kiosk in Burlington and a few years later turned the company into a multi-million dollar business. Throughout the years, VTB has had some major successes, such as the implementation of its ‘Bear-Gram’ service, which allows customers to call a toll-free number and order a personalized bear. In addition, VTB has expanded beyondRead MoreHistory Of Reading Instruction : A Book About A Dog Named Pug1144 Words   |  5 Pagesseveral high profile reports from The National Reading Panel, The Committee on Reading Disabilities, and The Center for the Improvement of Early Reading Achievement. These reports led to the federal legislation known as No Child Left Behind, many states writing their own content standards, and schools working to meet the demands of high stakes testing. Then, in June 2010, the Common Core State Standards (CCSS) were released. By June 2013, 45 states had ado pted the Common Core standards in EnglishRead MoreThe Role Of Internal Audit Departments On The Business Community On How Their Work Adds Value1201 Words   |  5 Pagesthis context, we are publishing this brief overview of the specific benefits and added value provided by an IT audit. To be specific, IT audits may cover a wide range of IT processing and communication infrastructure such as client-server systems and networks, operating systems, security systems, software applications, web services, databases, telecom infrastructure, change management procedures and disaster recovery planning. The sequence of a standard audit starts with identifying risks, thenRead MoreStrategy And Organizational Structure Of Microsoft1021 Words   |  5 Pagesorganisational structure 3.2 BOARD OF DIRECTORS: As Microsoft is public traded company. So the board of directors include person who is outside the company. These members are selected in annual shareholders meeting through voting. They holds the five committee within the organisation to look into specific issues. Current Board of Directors: William H. Gates III Founder and Technology Advisor, Microsoft Corporation Maria M. Klawe President, Harvey Mudd College Teri L. List Stoll Executive Vice PresidentRead MoreThe Health Impacts Of Long Term Exposure Essay1157 Words   |  5 Pageslong-term exposure to PM2.5 in Delhi. Several possible self-protective solutions for people in Delhi will be discussed. Researches are done by critically comparing, summarizing and analyzing the data from academic articles. Delhi pollution control committee is proposed to be our client. The ambient PM2.5 in Delhi is 15 times higher than the WHO guidelines, which is identified as the most significant pollutants threatening the public health. These fine and condensed particles affect the respiratoryRead MoreAudit Report Apollo Shoes Essay example1061 Words   |  5 PagesFrom the Audit Committee meeting minutes, we understand that Apollo Shoes requires help with the yearly audit because the former CPA firm withdrew unexpectedly (University of Phoenix, n.d.). Anderson, Olds, and Watershed will conduct the audit and â€Å"prepare the state franchise tax returns as well as the federal tax returns† (University of Phoenix, n.d., p. 9). Because of Apollo’s previous work with Smith and Smith, Anderson, Olds, and Watershed is â€Å"required by auditing standards to communicate with†

Learning Organization Ethics and Moral Principles

Question: Discuss about the Learning Organization for Ethics and Moral Principles. Answer: Introduction Ethics are moral principles and values practiced by the organizations to govern their business functions maintaining the organizational culture. However, in recent years many companies have been identified with respect to ethical scandals that affect the business operation and sustainable growth (Janney and Gove 2015). Organizational learning theory provides guidance to improve efficiency and accuracy of the business functions maintaining the ethical standards (Lodhia 2015). Discussion In current scenario, it has been observed that the Commonwealth Bank of Australia experienced ethical scandals and was facing competition and challenges from the competitors. The issue was brought into notice by a group consultancy while entering a contract of tender with the Commonwealth Bank. The Board of Directors conducted several meetings and sessions to discuss the ethical scandals within the organization and methods to overcome the scandals by following the guidance of learning organizational theory (Commbank.com.au 2016). On conducting the meetings certain scandals were identified that affects the organizations reputation of being one of the largest multinational banks in Australia. It was noted that the level of discount and high rate of interest charges affected the trust of investors and consumers in dealing with the bank. The Board of Directors analyzed the ethical issues with respect to employees self- interest in several transactions and act of biasness towards certain clients (Reid et al. 2015). The bank also faced the ethical scandals with respect to whistleblower at the banks life insurance department and the investigation revealed that the corporate regulator obtained documents over 50,000 regarding the issue. Other ethical issues that brought to the notice of the directors were fraud in certain deals with the customer by charging excess deposit money (Commbank.com.au 2016). Additionally, The Commonwealth Bank also faced ethical issues in context to organizational culture for which the bank received litigation in the year 2013 with respect to storm disaster amounted to $270 million approximately. Further, the organization faced several scandals in financial planning that reflected greed, forgery, dishonesty and offensive commission charges from the clients. These ethical scandals resulted in incurring huge loss by the citizens of Australia amounted to around $3.00 billion in the year 2013. Other scandals involved fraud bonus payments, brokerage charges and commission charges for getting additional clients, which was never the business policy in the guidelines of bank. It was recognized that one of the planners paid around $400 in cash as a commission fee to a teller official if he get clients (Commbank.com.au 2016). However, during the meeting and sessions, the chairperson of the bank along with the Board of Directors ensured that the management would take steps to resolve the issues following the organizational learning theory. The Chief Executive clarified that the bank would refund the losses and extra charges borne by the customers to build the trust and to maintain the profit sustainability (Commbank.com.au 2016). Conclusion It is very essential for the organizations to maintain the ethical standards the best business practices to maintain sustainable growth and strong customer relationship. Though the Commonwealth Bank is one of the most profitable multinational banks in Australia but faced various ethical issues affected the trust and faith among the clients. However, the management and Chief Executive of the bank taking measures on resolving the issues and paid compensation to the clients around $51 million. Reference List Commbank.com.au. 2016. Personal banking including accounts, credit cards and home loans - CommBank. [online] Available at: https://www.commbank.com.au [Accessed 6 Aug. 2016]. Janney, J.J. and Gove, S., 2015. Firm Linkages to Scandals via Directors and Professional Service Firms: Insights from the Backdating Scandal.Journal of Business Ethics, pp.1-15. Lodhia, S., 2015. Exploring the transition to integrated reporting through a practice lens: an Australian customer owned bank perspective.Journal of Business Ethics,129(3), pp.585-598. Reid, A.M., Ledger, A., Kilminster, S. and Fuller, R., 2015. Can the tools of activity theory help us in advancing understanding and organisational change in undergraduate medical education?.Advances in Health Sciences Education,20(3), pp.655-668.

An Edible History Of Humanity Essays - Food And Drink, Agriculture

An Edible History Of Humanity Essays - Food And Drink, Agriculture An Edible History Of Humanity 57169051905000For this assignment, first read the excerpts from Tom Standage's An Edible History of Humanity, available on Blackboard. Based on your reading, respond to the following questions. Your responses must be typed, in Calibri or Times New Roman size 12, and be in full sentences. While there is no set length limit, each response should clearly state and explain the answers. This assignment will be graded as Skills Demonstration. Date Due:_________________________________________________ Please attach this sheet to the front of your responses when you submit your assignment! Rubric Formatting: follows directions for assignment, completed thoroughly 5% Responses: Questions answered thoroughly and with reflection/supporting detail as needed. Reflects understanding of the questions and the reading 90% Grammar: clear, fluent language with few/no spelling or grammatical errors 5% The Invention of Farming Food as Technologies What does Standage mean when he says farmed land is as much a technological landscape as a biological one? Does farming spread from one point outward around the world? Where and when does it develop? The Man-Made Nature of Maize Standage highlights several differences between teosinte and maize. Describe those differences and how they benefitted farmers. How did early farmers change a natural process of selection into deliberate cultivation of specific traits? Based on Standage's explanation, do you thing farmed corn is natural? Cereal Innovation Explain how "tough rachis," a mutation undesirable for plant survival, benefitted early humans, and how it became the dominant trait in about 200 years. Why was domestication "bad" for plants like rice and wheat? Use examples in your answer. Explain what Standage describes as a trade-off in human domestication of animals, giving examples. Refer to the map on page 12. Based on what you know about early humans, what do you think explains why maize was domesticated so much later than wheat or rice? Roots of Modernity An Agricultural Mystery State what Standage calls the "most complex, and most important question in human history." Standage argues that farming was not a liberation from the "anxious hand-to-mouth existence of the hunter-gatherer." Do you agree with this assertion? Explain your rationale. The Origins of Farming Explain and analyze at least 3 contributing factors that led to the shift towards farming. Why was it impossible for humans to revert to a nomadic lifestyle? Did Farmers Spread, Or Did Farming Spread? Define demic and cultural diffusion. Describe the archaeological evidence of demic diffusion. Describe the linguistic evidence of cultural diffusion. How did the Khoisan of southern Africa transition from hunting and gathering to domestication? Why does Standage believe farming was a hybrid of both mechanisms? Man, An Agricultural Animal "Is man exploiting maize for his own purposes, or is maize exploiting man?" What does Standage mean by this? How did the transition to agriculture impact the foods we eat today? Focus on the last paragraph of page 27. Do you agree with the position Standage takes on the invention of farming? Explain your rationale, including examples from the text.

World Risk Society Essay Example

World Risk Society Essay Example World Risk Society Essay World Risk Society Essay Furthermore they argue that the conditions leading to the emergence of a mathematical theory of probability were dependent on a combination of the Marxist theories concerning changes in the economic means of production as well as Mertons theory concerning the link between religion, the Protestant reformation, and scientific developments; and to relatively recent theories which link the emergence of modern science to a complex chain of scientific, technological, political, economic, religious, institutional and ideological changes (no date:522). Today, notions of risk and probability are complex and incorporate the concepts of risk analysis and management. Lupton illustrates Castels view that the obsession with the prevention of risk in modernity is built upon a grandiose technocratic rationalizing dream of absolute control of the accidental, understood as the irruption of the unpredictable (Castel cited in Lupton, 1999:7). She infers that modern representations of risk are in fact very similar to early forms although today we fear being the victim of a crime, falling prey to cancer, being in a car accident, losing our jobs, having our marriage break down or our children fail at school (1999:3) rather than pre-modern concerns of hunger, epidemic disease and war. For Covello and Mumpower, modern risk analysis has its twin roots in mathematical theories of probability and in scientific methods for identifying causal links between adverse health effects and different types of hazardous activities (no date:523). However, what makes it unique to modern day is its sophistication. They depict that most current ideas about societal risk management are rooted in four basic strategies or mechanisms of control: insurance, common law, government intervention and private sector self-regulation. Beck conveys how modern risks have acquired a fluidity in that they can be changed, magnified, dramatized or minimized within knowledge, and to that extent they are particularly open to social definition and construction (Beck cited in Adams, 1995:181). From the above exploration of events, set in chronological order, it is clear that the emergence of notions of risk and probability cannot be restricted to one particular form or any one period of time. The process was slow and spanned out over thousands of years before reaching the level of sophistication and complexity that we are familiar with today. This essay has attempted to show that the story of risk, in its crudest form, began as early as the human race itself, in the form of the ideology that all life is subject to the risk of death. With this as a starting point, a number of ancient societies, cultures, and individuals, each in very specific ways, propelled the development of risk and probability forward. It is also argued that it was a complex combination of changing cultural beliefs and mathematical experimentation and mastery that, together, allowed risk and probability theory to begin to mushroom during the later part of the Renaissance movement. Firstly, the ancient societies that settled in the Tigris-Euphrates valley were aware of the significance of risk in the context of their expanding appetite and capability for trade and travel. They were yet unaware however of any mathematical notions of probability and cultural belief led them instead to look to signs of the Gods to determine the future. Later, within the realm of ancient Greece, probability theory began to be developed subsequent to the Greeks love of gambling. At this stage however, the limitations of the Greek numbering systems seemed to hinder any further development. Probability theory was not yet being expressed quantitatively and any knowledge of probability theory still failed to be applied to notions of risk, which were still attributed to the supernatural and the will of the gods. This ideology only began to dissipate with the increasing popularity of Christianity which allowed people to feel as if they have some sense of control over their world. The subsequent collision of the Christians with an Arab group brought about the combination of the Christians faith in the future and the Arabs knowledge of the Hindu numbering system that had been developing parallel to that of the Greeks. This was a fundamental breakthrough. Yet it was not until the Renaissance, and the development of applied quantitative probability in risk through the form of business processes such as commercial bookkeeping, that risk and probability theory was able to flourish. Throughout history then it is clear to see that trade, travel and insurance have played a large part in the development of theories of risk and probability. Although their discovery cannot be traced to a particular form, it is the juncture at which mathematical ability, cultural belief and economic drive meet, during the Renaissance, that modern notions of risk and probability begin. Bibliography Adams, John (1995) Risk. London: UCL Press Limited Beck, Ulrich (1999) World Risk Society. Cambridge: Polity Press. Beck, Ulrich (1992) Risk Society cited in Adams, John (1995) Risk. London: UCL Press Limited Bernstein, Peter. L. (1998) Against the Gods: The remarkable story of risk. Chichester: Jon Wiley and Sons, Inc. Castel, R (1991) From Dangerousness to Risk cited in Lupton, Deborah (1999) Risk. London Routledge Covello, Vincent and Mumpower, Jeryl (no date) Risk Analysis and Risk Management: A Historical Perspective in Covello Menkes and Mumpower Risk Evaluation and Management. New York: Plenum Press

Collaborations in a Medical Team Essay Example | Topics and Well Written Essays - 1250 words

Collaborations in a Medical Team - Essay Example The patient is the principal figure in this procedure and there are various steps to be followed in the recovery of the patient which must be to the satisfaction of the patient’s needs (Gorske and Smith, 2009).This essay gives an account of the primary and the secondary care of patients with mental illness. It outlines the various roles of doctors, nurses, psychologists, social workers and the patient as members of the primary and secondary team and how various government trusts assist in the provision of health and social services for the treatment of a person with mental illness. This essay analyzes how collaborations in a medical team involving the treatment, and care of a person with mental illness is possible through relationship building and care planning. The paper outlines the practices and procedures of mental nursing in relation to service user partnerships. It analyzes the relationships that exist between mental patients, nurses and whether the mentioned relationshi p is a partnership. On most occasions the relationship between the medical teams involved and the patients is full of tension. Partnership is as a process where two or more individual, or bodies come together to jointly work for the benefit of one another.Heller et al, (1996), observe that the relationship between medical practioners and a patient is an example of a partnership (p.32). The aspect of user partnership means the provision of care services by the patient in collaboration with the medical staff, and the main aim is to achieve a common goal which is recovery of the patient. In a mental institution, user partnership takes an example of a collaboration of a nurse with a person with mental illness. It also involves the collaboration of the medical team in providing care services to the patient which can be primary or secondary care. Acheson (1999) observes that primary health care is the first contact of a mental patient with treatment of his/her condition since it brings ca re to the locality of the patient minimizing expenses involving hospital care (p.28). Primary care increases the recovery of the mental patient and reduces the chances of separating the patient from his family due to involuntary admission to mental hospitals. The care leads to better utilization of the available human resource facilities and reduction of stigma associated with terminal illness. Provision of primary health care in England is through public and private sector, and the following are the teams involved in the provision of such services. Doctors, health visitors, support staff, nurses/assistant practitioners, psychologists, counselors and social workers. The roles of these people are different but related. For instance the roles of the doctor is to diagnose the nature of the mental illness, however, he can’t perform this duty effectively without the assistance of a nurse. The role of the medical doctors is to perform diagnosis, while the duty of nurses and social workers is to make follow ups. From this analysis, doctors and nurses require each other’s services for effective care in the primary health care system. Psychologists and counselors play an important role in the care of a terminally ill person, and a counselor has a duty to build the confidence of the patient which is low due to stigma. These people cannot effectively utilize their services without the help of social workers and the support staff (Acheson, 1999). They assist a patient in understanding their mental condition and the help in offer. The patient is a member of the primary health team, and he has the responsibility of cooperating with the medical team for his/her recovery.

Questionnaire Essay Example | Topics and Well Written Essays - 1750 words

Questionnaire - Essay Example The support from Medea’s boyfriend Jason will benefit Medea a lot as is evident from the table. The average monthly cash inflow has increased by a significant amount and now she has sufficient amount of ready cash. This allows Medea to finance her bicycle as the bicycle will cost her  £400 to 600 while the cash available with her now is far exceeding the expected cost of that bicycle. This alternative has a very positive impact on the financial position of Medea. Her yearly income increases by almost three times while the monthly cash flow improves a little less than 5 times. Through this support from her boyfriend, she is now able to finance her bicycle that was desperately needed by her in order to save her commuting costs. Comparing the above table for incomes with and without Jason (and Argo), we can see that the gross income increases by almost double of Medea’s individual income. Despite this significant increase in the income, all the expenses could increase only by smaller amounts except food expenses which show an increase of double the amount that was when Medea was alone. This relatively less increase in total expenses compared to the increase in the total gross income results in a considerable increase in the net income for the year. Similarly, the cash flows conditions also get better considerably and now Medea has monthly cash almost 5 times of what she had before support from her boyfriend Jason. Without Jason’s support it was not possible for her to finance her bicycle and save commuting cost but now she has 1640 Euros on average after paying for all her expenses which enables her to buy the desired bicycle even if costs her the highest expected price of 600 Euros. Now, when we assume that Polly chooses for option A and also that the interest rate remains constant throughout the period of mortgage; using the saving and borrowing calculator, we arrive at the following results: b) It is quite obvious that if the mortgage period and