MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)
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Chapter 1, Problem 3QP
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To determine: The difference between a spreadsheet model and a computer model

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You are required to use the IRAC model , in an essay format to answer all questions. Jill is a known prostitute, rented an apartment from Jacob. Jacob is unaware of Jill’s profession and gracefully rented the apartment which was unoccupied for the last year. Jacob saw several people coming and going from the apartment but was not concerned because he thought that they were all Jill’s friends. Indeed, Jacob was a private person who paid little attention to other people’s activities. He focused on his tasks and that of his family. Jill did not pay her rent for 3 months and Jacob sought to enforce the right to terminate the rental agreement and sue for the outstanding rent. Jill has indicated that she will not pay any outstanding rent and told Jacob that his contract with her was illegal bearing in mind that she was using the apartment for the illegal purpose of prostitution. Advise Jacob on this matter.
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Assume that the Ken Cory Consulting and Construction Company is involved in four different businesses that have almost no linkages between them (such as being in financial consulting, road construction, wheat farming, and auto repair industries simultaneously). Now assume that the financial consulting company accounts for 12% of total company revenues, road construction accounts for 74% of company revenues, wheat farming accounts for 10%, and auto repair accounts for 4% of total company revenues. What is the best way to describe the level or category of diversification that the Ken Cory Company has? O Conglomerate O Single Business O Related-Linked O Dominant Business
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