Explain the basic management function of staffing.
What will be an ideal response?
The basic management function of staffing involves (1) planning for, (2) recruiting, (3) selecting, and (4) training and developing employees, as well as compensating them and providing for their health and safety.
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Unique information asks if the information is current with respect to the business needs.
Answer the following statement true (T) or false (F)
____________________ are the principles of behavior that distinguish between right and wrong.
Fill in the blank(s) with the appropriate word(s).
The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What is the probability that a randomly selected tire will have a life of at least 47,500 miles?
a. 0.4332 b. 0.9332 c. 0.0668 d. 0.4993
Ira needs to replace his car. It is nine years old with 168,000 miles on it. The maintenance and repair costs are now as much as a monthly car payment. Ira visited several local car dealerships and each has told him he qualifies for $27,500 car. Should Ira shop for cars at this price since more than one dealership told Ira he can afford a car in this price range?
A) Ira should take the advice of the car dealerships as they have better budgeting tools B) Ira should ask his local bank and credit union to determine how much car he can afford C) Ira should review his budget first to determine how much car he can afford D) Ira should consult with his accountant to determine how much car he can afford E) Ira should keep driving the same car until maintenance and repairs EXCEEDS the new car payment