36) Determine which one of the following statements regarding guarantees on variable annuity products is FALSE: (A) A guaranteed minimum death benefit (GMDB) with a return of premium guarantee is similar to a European put option with expiration contingent on the death of the policyholder or annuitant. (B) A guaranteed minimum accumulation benefit (GMAB) with a return of premium guarantee is similar to a European put option with payment contingent on the policyholder surviving to the guarantee expiration date and the policy still being in force at that time. (C) A guaranteed minimum withdrawal benefit (GMWB) provides a guarantee that the account value will not be less than the guaranteed withdrawal benefit base at any future time. (D) A guaranteed minimum income benefit (GMIB) provides a guarantee on the future purchase rate for a traditional annuity. (E) An earnings-enhanced death benefit is an optional benefit available with some variable annuity products that acts as a European call option with strike price equal to the original amount invested.(d) Suppose the workers value the benefit at $2 per hour. What is the new equilibrium wage, cost of employing a worker, and labor supplied? Are the disemployment effects of the policy bigger than if the workers did not value the benefit? Is the new DWL larger or smaller than with a payroll tax? Who bears more of the burden of the mandate?SECTION B [Total Marks 45 ] Answer any THREE Questions (Each question carries FIFTEEN marks). Question 2: a Explain Porter's Five Forces Model and the role it plays in decision making. [5 Marks] b. Explain the difference between customer-facing processes and business-facing processes. Which one is the more important to an organization? [5Marks] C. What is the relationship between critical success factors and key performance indicators? How can a manager use them to understand business operations [5 Marks] Question 3: Explain ethics and why are they important to a company? [5 Marks] b. Discuss why are e-policies important to a company? [5 Marks] C. List and describe the technologies can a company use to safeguard its information? [5 Marks] Question 4: a Compare disruptive and sustaining technologies, and explain how the Internet and WWW caused business disruption. [6 Marks] b. Identify the four (4) challenges associated with e-business. [4 Marks] C. Describe Web 3.0 and the next generation of online business. [5 Marks]Question 1 : [ Answer all question below using given case studies a Why do you think UPS is embracing sustainable technologies? [4 Marks] b. How is UPS developing a sustainable MIS infrastructure? [4 Marks] C. What business benefits will UPS gain from virtualization? [4 Marks] d. What role does each characteristics of an agile MIS infrastructure play in helping UPS to operate its business? [4 Marks] e. How could UPS benefit from cloud or grid computing? [3 Marks] f. What types of ethical issues might UPS encounter with the tracking technology it has placed in its trucks? [3 Marks] What types of security issues might UPS encounter with the tracking technology it has placed in its trucks? [3 Marks] Continued overleaf ...23. According to class discussion and the textbook, economic growth is highest in countries where: A. There is political instability B. There are high taxes on top income earners C. There are incentives for investment in capital D. Growth rates in M outpace growth rates in Q by a factor of 10 E. There is a large and well developed infrastructure (roads, schools, telecommunications, etc.) 24. Someone is unemployed if: A. They are drawing unemployment benefits from the government B. They are not working and actively searching for work C. They are working for pay or profit D. They are not working E. They are on vacation 25. In class, which group did I refer to as a classic example of underemployed persons? A Single parents B. High school students C. Recent college graduates D. Retail and food service workers E. Individuals with advanced degrees (Master's and PhD's] 26. Suppose that as a result of the recession in 2008, Arthur loses his construction job. After several months of trying to find a job and being unsuccessful, Arthur gives up looking for work. He is then classified as a: A. Retired worker B. Discouraged worker C. Unemployed worker D. Underemployed worker E. Member of the civilian labor force 27. Inflation is defined as: A. An increase in the general prices of all goods and services that usually results from an increase in the money supply- B. A decrease in the purchasing power of money due to a depreciation of the U.5. dollar versus foreign currencies. C. A decrease in the general prices of all goods and services that usually results from a decrease in the money supply. D. An increase in the purchasing power of money that directly results from a decrease in the money supply- 28. If the Decatur Wal-Mart sold $20 million worth of goods in 2018 and sells $21 million worth of goods in 2019, does it automatically stand to reason that they sold more goods in 2019? A. There is not enough information to answer this question. B. Yes, they sold an additional $1 million worth of goods in 2018. C. Yes, they sold more goods in 2018 because 21 is more than 20. D. No, they could have sold the same number of goods if the average prices of all the goods sold rose by 5%.A small gas station has one gas pump to fill gas. Cars arrive according to a Poisson process at a mean rate of 15 cars per hour. Service time at the pump has an exponential distribution with a mean of 3 minutes. The small gas station only can park 5 cars (including the one at the pump). If a car cannot park, it will go to other gas stations. a.) What is the chance that the waiting line will be longer than 3? b.) On average, how many parking spaces are empty? - Queuing Theory Problem - Please solve parts a.) and b.) and show all the steps to get to the final solution(s)