Question to be answered: Firms may operate internationally through sales (exports), direct foreign investment, or portfolio investments. Which of these international activities appeals to you the most as a future business executive?

(The responses need to be nice and not straight up please)

Response to classmate for same question about their answer:

I think the main benefits are you present yourself as fully committed and engaged in the export process, you develop a better understanding of the marketplace, and as your business develops in the foreign market, you have greater flexibility to improve or redirect your marketing efforts.

Response to classmate for same question about their answer:

Firms may operate internationally through sales (exports), direct foreign investment, or portfolio investments. Which of these international activities appeals to you the most as a future business executive?

Exchange rate risk for the direct foreign investment or portfolio investments would be the least attractive to me, I much prefer the export activity as it is more operational in nature.  Although I would need some knowledge of exchange rates, that would not be the core competency in exporting.  The attractiveness of Sales/Exports for me is the process, procedure, on time delivery and selling.

The distinction between capital budgets and operating budgets isn’t limited to the corporate world. Describe the budgeting tasks and tools you use in everyday life, and share positive and negative feedback about the process. How is your process similar to and different from a corporation’s budget process?

(This was the answer you helped me with already)One of the important budgeting tools is the Revenue Projection Model. It involves forecasting the business incomes at various conditions. One important factor is the dollar value of commodities. The tool helps in analyzing the future expectations in the corporate world, enabling the business to make various amendments to ensure security and success. Another task is the Sales Forecasting Guide, which helps the business to stipulate the expected revenues from the various streams of income. These tools are similar the corporation’s budget process, in that they aim at financial security of the company. They also create solutions for maximum utilization of the company’s resources, mostly revenue.

Response to classmate for same question about their answer:

I talk to a lot of people who employ Dave Ramsey’s strategies. Though those people may not be extremely wealthy or rich, those individuals tend to have true appreciation for money and the value of things. It’s not about being frugal or even cheap; it’s more about not “throwing” money away. For instance, I purchased my home for $270,000 and financed it at just 4%…yet if I only pay the required payment each month, at the end of 30 years I would have ended up paying over $194,000 in interest! We’re about to get rid of our PMI which would free up $145/month but we’re planning on paying the same amount, just having go toward the principal. Just by continuing to pay the extra $145/month will mean we’ll pay off the mortgage 5 years earlier and reduce the interest paid by over $30,000!

Response to classmate for same question about their answer:

            When budgeting in my personal life there are many things that I consider on a monthly basis.  I have a list of bills that are split between the first of the month and the 15th of the month.  I budget all household bills including electricity, cable, water, gas, cell phones, etc.  I also have car payments and fifth wheel payments.  I do use a credit card for fuel and groceries since I get money back for using it for those purposes, but it is paid off every month.  I also budget money for savings, but there have been times when I have had to use that money for unexpected issues that come up.  Just as a business needs to survive, my family and I do as well.  We try to make sure that we don’t overspend and I ensure that a budget is set aside for family activities each weekend.