With nonprobabilistic sampling _____
a. it is possible to make estimates about the precision of the population parameters
b. it is not possible to make statements about the precision of estimates made concerning the population parameters
c. the precision can be estimated if the sample is larger than 30
d. None of the answers is correct.
b
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According to JIT philosophy,
a. inventories of finished goods always should be available to meet customer demand. b. push-through manufacturing flows are the most efficient. c. maintaining inventories wastes resources and frequently covers up poor work or other problems. d. long production runs and large production lot sizes take advantage of economies of scale.
Individual rationality ________ organizational rationality.
A. is often the opposite of B. is a good indicator of C. will ensure D. does not always guarantee
To determine your net worth, subtract your liabilities from your positive net equity
Indicate whether this statement is true or false.
Which is not a management practice for reducing the problems of adverse selection and moral hazard in insurance?
A) Deductibles B) Restrictive provisions C) Coinsurance D) Reinsurance