When the results of experimentation or historical data are used to assign probability values, the method used to assign probabilities is referred to as the _____ method.
A. relative frequency
B. subjective
C. classical
D. posterior
Answer: A
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The current and quick ratios have two limitations. These ratios
a. emphasize the ineffectiveness of analysts' calculations, and focus on liquid assets at a point in time instead of a period of time. b. focus on cash instead of working capital, and they represent a point in time instead of covering a period of time. c. focus on working capital instead of cash, and they represent a point in time instead of covering a period of time. d. are ignored by most creditors, and focus on working capital instead of cash.
Chandra and Jim are managers at XYX Company. They each manage 10 people. Chandra manages primarily by threatening her employees that their pay will be docked if they don’t meet their sales quotas set by the company. Jim, on the other hand, manages his employees to meet the sales quotas by treating them with respect and helping them overcome any obstacles in their daily work. According to the text, which manager should be more effective?
a. Chandra because psychology research shows that coercive power is effective b. Jim because the psychology research shows that social intelligence is the key to effective managerial success c. Both Chandra and Jim because they both have legitimate power d. Chandra because she demonstrates superleadership skills
A firm has modeled its experience with industrial accidents and found that the number of accidents per year (y-hat) is related to the number of employees (x) by the regression equation:
y-hat = 3.3 + 0.049x. The r-squared value is 0.68. The regression is based on 20 annual observations. The firm intends to employ 480 workers next year. How many accidents do you project? How much confidence do you have in that forecast?
You are going to invest all of your funds in one of three projects with the following distribution of
possible returns: PROJECT 1 PROJECT 2 Probability Return Standard Deviation Beta Probability Return Standard Deviation Beta 50% Chance 22% 12% 1.1 30% Chance 36% 19.5% 1.0 50% Chance -4% 40% Chance 10.5% 30% Chance -20% PROJECT 3 Probability Return Standard Deviation Beta 10% Chance 28% 12% 1.2 70% Chance 18% 20% Chance -8% If you are a risk averse investor, which one should you choose? A) Project 1 B) Project 2 C) Project 3 D) Either Project 1 or Project 2 because they have the same expected return