Which of the following are the two basic elements to consideration?
a. Bargained-for exchange and legal sufficiency.
b. Legal detriment and legal benefit.
c. Legal sufficiency and legal adequacy.
d. Promise and forbearance.
a
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Rosu Company has total current assets of $150,000 and total current liabilities of $50,000 . What is the amount of working capital for Rosu Company?
a. $200,000 b. $100,000 c. $125,000 d. $ 179,000
Which statement is not related to statistics associated with cross-tabulation?
A) The statistical significance of the observed association is commonly measured by the chi-square statistic. B) The t test could be conducted on the mean of one sample or two samples of observations. C) Generally, the strength of association is of interest only if the association is statistically significant. D) The strength of association can be measured by the phi correlation coefficient, the contingency coefficient, Cramer's V, and the lambda coefficient.
OSCM is concerned with management of the trickiest parts of the system that produces a good or delivers a service.
Answer the following statement true (T) or false (F)
A company is considering producing a new children's bar soap. A market research firm has told the company that if they perform a survey, a positive survey of a favorable market occurs 65 percent of the time
That is, P(positive survey ? favorable market) = 0.65. Similarly, 40 percent of the time the survey falsely predicts a favorable market; thus, P(positive survey ? unfavorable market) = 0.40. These statistics indicate the accuracy of the survey. Prior to contacting the market research firm, the company's best estimate of a favorable market was 50 percent. So, P(favorable market) = 0.50 and P(unfavorable market) = 0.50. Using Bayes' theorem, determine the probability of a favorable market given a favorable survey. A) 0.62 B) 0.38 C) 0.53 D) 0.65 E) None of the above