If P(A) = .50, P(B) = .60, and P(A ? B) = .30, then events A and B are _____
a. mutually exclusive events
b. not independent events
c. independent events
d. Not enough information is given to answer this question.
c
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The tracking of inventory shrinkage due to theft, damage, or errors is done with the help of a (n) ________ of inventory.
A) authorization B) sale C) physical count D) delivery
Which of the following is NOT an example of a visual aid?
A. An order form B. A demonstration C. A model of the product D. Sales manuals E. A chart
Who among the following is associated with contributions to quality control in operations management?
A) Charles Babbage B) Henry Ford C) Frank Gilbreth D) W. Edwards Deming E) Henri Fayol
Describe a successful entrepreneur’s typical reaction to failures, particularly small ones.
a. They have very few failures because they do everything to avoid them. b. They get out of the business as early as possible in order to cut their losses. c. They see failures as opportunities to build on what they learned or capture new opportunities. d. They try to make failures happen to increase the overall creative tension.