The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000. What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $30,000?
A. 0.4772
B. 0.9772
C. 0.0228
D. 0.5000
Answer: B
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In managing subordinates under an incentive pay plan, a manager should
A. regularly communicate with subordinates about the plan. B. set goals with subordinates, but then leave them alone to pursue those goals. C. change the plan frequently to continue to motivate subordinates. D. set "stretch" goals that are very difficult (perhaps impossible) to achieve. E. design complex plans that cover all contingencies.
Answer the following statements true (T) or false (F)
1. An expenditure that increases the capacity or efficiency of a plant asset or that extends the asset's life is known as a revenue expenditure. 2. Repair work that generates a capital expenditure because it extends a plant asset's useful life past the normal expected life is known as an extraordinary repair. 3. Ordinary repairs to plant assets are referred to as revenue expenditures. 4. If a minor repair was incorrectly debited to the asset account, expenses and net income would be 5. If a company expenses an extraordinary repair, net income would be understated and the asset would be understated.
Which of the following is being followed as a guiding principle by a company that produces and heavily markets cigarettes, with many promotions aimed at young (although legal age) nonsmokers?
A) the philosophy that companies should have a social conscience and be morally responsible for current and future populations B) the philosophy that companies can do in good conscience whatever the market and legal systems allow C) the philosophy of environmentalism D) the philosophy of consumer-oriented marketing E) the philosophy of consumerism
Which of the following intellectual properties is protected by the Lanham Act?
A) trademark B) trade secret C) copyright D) patent