After Ahmad completed training on the use of the new forklift, Ahmad’s supervisor made notes on how well Ahmad handled the equipment. Ahmad’s supervisor was completing a(n) _________ assessment of training.
A. reaction
B. learning
C. behavior
D. results
E. alternative
C. behavior
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The use of technology and current information __________the provision of excellent
customer service. a. minimally enhances b. has neutral benefit to c. greatly facilitates d. none of the above
Benchmarking requires the comparison of your firm to other organizations; it is not appropriate to benchmark by comparing one of your divisions to another of your divisions
Indicate whether the statement is true or false
________ may reduce overall profits for a firm if a single product contributes the majority of the demand
A) Shortened forecasting window B) Quick response C) Postponement D) Tailored sourcing
The auditors are using mean-per-unit sampling to evaluate the reasonableness of the book value of the accounts receivable of Smith, Inc. Smith has 10,000 receivable accounts with a total book value of $800,000. The auditors estimate the population's standard deviation as being equal to $25. After examining the overall audit plan, the auditors believe that the account's tolerable misstatement is $40,000, and that a risk of incorrect rejection of .10 (risk coefficient = 1.64) and a risk of incorrect acceptance of .15 (risk coefficient = 1.04) should be used.Required:a. Calculate the required sample size.Now ignore your sample size calculation in part "a," and assume that your answer was a sample size of 289 (the square root of 289 is 17) and that you obtained the following results:Average
audited value of items in sample: $76.50Average book value of items in sample: $78Standard Deviation in the sample (audited values): $24Standard Deviation in the sample (book values): $26b. Using mean-per-unit sampling, calculate the projected misstatement for the population.c. Using mean-per-unit sampling, calculate the allowance for sampling risk and use it to form a statistical conclusion concerning the book value of the population ($800,000). That is, calculate an interval and either "accept" or "reject" the client's book value. What will be an ideal response?