The Restatement (Third) of Torts on product defect recommends that the distinction between strict liability and negligence be given less attention
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is an example of a qualitative method?
a. Delphi method b. moving average c. weighted moving average d. linear trend analysis
Which of the following statements should ideally reflect a firm's strategy for competitive advantage?
A. Our aim is to create superior customer value while controlling costs. B. Our strategy is to win at any cost. C. We will be number one in the industry. D. We want to be the market leader by replicating our competitor's strategy.
Megabyte Center, S.A. (Scenario)Your old friend, Ariel Eskenazi, is the owner and general manager of Megabyte Center, a computer reseller and systems integrator located in Panama City, Panama. Since leaving IBM to start a business in his home country, Ariel's company has steadily grown, due in large part to the business partnerships he has established over the years with large foreign computer and software firms, such as Goldstar and Microsoft. These relationships have helped his company win considerable market share in Panama, as well as in other parts of Latin America. However, since the 1999 turnover of the Panama Canal to the Panamanian government, there has been a huge influx of foreign capital into Panama. For example, several large Asian firms have made Panama a beachhead for their
American operations. Tourism is on the rise, with over a score of new hotels built in the metropolitan area alone over the past three years. As a result, demand for Megabyte's products and services has increased markedly, but so has the level and diversity of its competition. While Megabyte's customer base has remained fairly loyal, many longtime customers are beginning to demand price concessions and enhanced service levels in return for their continued business. Additionally, Ariel has learned recently that several of his former suppliers and business partners are considering establishing local sales offices of their own in Panama City. Ariel knows you are very knowledgeable about competitive strategy and calls you asking for advice. With all the changes occurring in the computer reseller market, you advise him to stay with his present course until the market calms down. You are recommending that Ariel use a ________ strategy. A. renewal B. stability C. growth D. retrenchment
The personnel department of a large corporation wants to estimate the family dental expenses of its employees to determine the feasibility of providing a dental insurance plan. A random sample of 12 employees in 2004 reveals the following family dental expenses (in dollars): 115, 370, 250, 93, 540, 225, 177, 425, 318, 182, 275, and 228. Use StatTools for your calculations.
(A) Construct a 90% confidence interval estimate of the mean family dental expenses for all employees of this corporation. ? (B) What assumption about the population distribution must be made to answer (A)? ? (C) Interpret the 90% confidence interval constructed in (A). ? (D) Suppose you used a 95% confidence interval in (A). Would this confidence interval be longer or shorter than the 90% confidence interval? Construct the 95% confidence interval. ? (E) Suppose the fourth value were 593 instead of 93. What would be your answer to (A)? What effect does this change have on the confidence interval? ? (F) Construct a 90% confidence interval estimate for the standard deviation of family dental expenses for all employees of this corporation. ? (G) Interpret the 90% confidence interval constructed in (E). What will be an ideal response?