One of the nation's biggest regional airlines has tracked 4,000 landings and take-offs during the past month
Treating these data as the population of interest, the company found that the average time the planes spent on the ground (called the turn time) was 17.23 minutes with a standard deviation of 3.79 minutes. Further, they determined that the distribution of turn times is normally distributed. Then, the probability that a single turn time selected at random from this population would exceed 20 minutes is approximately 0.2327. Indicate whether the statement is true or false
TRUE
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Because departmental overhead costs are allocated based on measures closely related to production volume, they accurately assign overhead, such as utility costs.
Answer the following statement true (T) or false (F)
What is an example of an unfair practice which companies do for the purpose of gaining economic advantage?
a. Using inferior quality material in the production of the product b. They exploit child labor c. They keep wages artificially low d. They exploit uneducated people who live in poor nations
Which source of resistance to change makes an organization slow to change after having followed the same rules and procedures for many years?
a. Structural inertia b. Group inertia c. Limited focus of change d. Threat to expertise
The idea behind resource leveling is to avoid huge swings in utilization of labor and equipment
Indicate whether the statement is true or false