A random sample of 144 bottles of cologne showed an average content of 4 ounces. It is known that the standard deviation of the contents (i.e., of the population) is 0.3 ounces. The point estimate of the mean content of the bottles is
A. 0.3.
B. 4.
C. 144.
D. 2.
Answer: B
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Which of the following is an example of a fixed cost for a bridal gown shop?
A. The cost of the mannequin used to display current gowns B. The cost associated with dying the shoes to match the bridesmaids' dresses C. The cost associated with the layaway of variously priced gowns D. The services of the seamstress to fit each gown E. The cost associated with a generous return policy
Carver Packing Company reports total contribution margin of $72,000 and pretax net income of $24,000 for the current month. In the next month, the company expects sales volume to increase by 8%. The degree of operating leverage and the expected percent change in income, respectively, are:
A. 4.0 and 32% B. 0.33 and 8% C. 3.0 and 24% D. 3.0 and 8% E. 0.33 and 2.7%
Argyris (1970) recommended all of the following regarding the consultant’s role in organizational change, except:
a. To generate valid information. b. To promote free and informed choice on the part of the client group. c. To help build external commitment to the choice that is made. d. To generate useful information.
______ change consists of incremental modifications that make sense within an established framework or method of operating.
a. Planned b. Unplanned c. First-order d. Second-order