If a sample of size 120 is selected, the value of A for the probability P(-A ? t ?
A) = 0.98 is:
A) 1.960
B) 2.576
C) 1.282
D) 2.326
D
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Answer the following statements true (T) or false (F)
1. The best way to measure the effectiveness of training is also the cheapest: participant feedback. 2. According to Len Berry, guests judge the overall quality of service on these factors: reliability, responsiveness, assurance, empathy, and tangibles. 3. Training can be worthwhile even if it does not contribute to overall organizational effectiveness in some tangible way. 4. The normal sequence would be for training to be soon followed by needs assessment follow-up.
Which of the following sets the upper limit for a product's pricing?
A) profits B) product costs C) consumer perceptions of value D) elements of the product mix E) competition
. Which of the following is most likely to have a diversified market?
a. a hardward store that sells to contractors and non-professionals b. a dollar store that promotes its low prices c. a pet store that offers both supplies and small animals d. a retail shop that sells goods aimed at expectant mothers and at babies
Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$92Budgeted unit sales (all on credit): July 9,000August 11,300September 10,400October 10,800 Raw materials requirement per unit of output 4poundsRaw materials cost$1.00per poundDirect labor requirement per unit of output 2.8direct labor-hoursDirect labor wage rate$22.00per direct labor-hourVariable selling and administrative expense$1.50per unit soldFixed selling and administrative expense$70,000per monthCredit sales are collected:40% in the month of the sale60% in the following monthRaw materials purchases are paid:30% in the month of purchase70% in the following monthThe ending
finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following month's raw materials production needs.The budgeted required production for August is closest to: A. 11,120 units B. 13,380 units C. 15,640 units D. 11,300 units