Answer the following statement(s) true (T) or false (F)
When is the mode the best measure of central tendency to use?
ANS:
The mode should be used when working with categorical or nominal data (ex. gender).
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Referral samples are most appropriate when there is a limited sample frame and when respondents can provide the names of others who would qualify for the survey
Indicate whether the statement is true or false
A manufacturer of audio equipment employing an activity-based cost hierarchy uses the unit, batch, product, and facility levels to classify its activities. A facility-level activity is
a. testing products. b. redesigning the process. c. lighting the factory. d. materials handling.
The product unit cost is the sum of the cost elements added in all production department processes
Indicate whether the statement is true or false
Which of the following is a key benefit of studying theoretical perspectives on management?
A. They are effective cost-reduction tools. B. They emphasize diversity. C. They are effective synergy-building approaches. D. They build a strong family-type culture. E. They serve as a guide to action and a source of new ideas.