The interpretation of a confidence interval estimate of a population average is identical to the interpretation of a confidence interval estimate for a population percentage
Indicate whether the statement is true or false
TRUE
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Office Services Inc uses a direct sales force to sell office equipment to its 1,000 target customers
The required rate of customer contact for sales effectiveness and customer satisfaction is two customer visits per month, translating into 24,000 customer contacts per year. Assuming that a salesperson can make three customer visits per day, has 4 days per week to make customer calls, and works 50 weeks per year, how many salespeople does Office Services Inc need to meet its requirements? A) 4 B) 40 C) 480 D) 2,000 E) 2,400
Which of the following statements best represents when an organization can begin to focus on its discretionary or philanthropic responsibilities?
A. An organization should pursue discretionary responsibility even when it is not meeting its economic requirements. B. An organization should pursue discretionary responsibility after it meets its economic, legal, and ethical responsibilities. C. An organization should pursue discretionary responsibility as long as it is meeting its economic requirements. D. An organization should pursue discretionary responsibility above legal responsibility.
When faced with the difficult problem of deciding what kinds of joint actions amounted to a restraint of trade, the courts concluded that some kinds of behavior always have a negative effect on competition and can never be excused or justified. These kind of acts are classed as per se illegal.
Answer the following statement true (T) or false (F)
An MIS is used to ________
A) generate product interest B) develop marketing plans C) identify demographic trends D) assess information needs E) test hypotheses about cause-and-effect relationships