1. Explain how inventory management systems impact a company’s financial results and can be used to provide a competitive advantage.
2. Briefly describe the 4 different sources of enterprise data for firms. Transaction processing systems, Enterprise Software, External Sources, and Surveys.
3. An oil producer has purchased a pumping unit for $30,000 and the loan is to be paid back in 24 equal monthly installments of $1,771.43 per month. a) Calculate the nominal interest rate charged on this financing agreement. b) Calculate the effective interest rate.