The upper and lower control limits of the proportions of defectives of a process are 0.0803 and 0.0161

a. What has been the proportion of defectives in this process?
b. What has been the sample size?
c. Determine the standard error of proportion.


a. p = 0.0482
b. n = 400
c. Standard error of proportion = 0.0107

Business

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The Retained earnings account has a credit balance of $47,000 before closing entries are made. Total revenues for the period are $65,200, total expenses are $44,800, and dividends are $13,000. What is the correct closing entry for the revenue accounts? 

A. Debit Revenue accounts $47,000; credit Retained earnings $47,000. B. Debit Income Summary $65,200; credit Revenue accounts $65,200. C. Debit Income Summary $47,000; credit Retained earnings $47,000. D. Debit Revenue accounts $65,200; credit Income Summary $65,200. E. Debit Revenue accounts $65,200; credit Retained earnings $47,000.

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The time period assumption indicates that the entity will remain in business for an indefinite period time

Indicate whether the statement is true or false

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Organizations sometimes place too much emphasis on the techniques and methods of training and not enough on first defining what the employee should learn in relation to desired job behaviors.

Answer the following statement true (T) or false (F)

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The GE "stoplight" evaluation method is a very objective approach because GE feels there are too many possible errors if it tries to use subjective criteria for judging "attractiveness" or "strength."

Answer the following statement true (T) or false (F)

Business