A double-sampling plan has n1 = 50, n2 = 100, c1 = 2, and c2 = 4. Suppose the first sample revealed two defectives. What should be done?

A) Reject the entire lot.
B) Take a second sampling of 100 units.
C) Accept the entire lot.
D) Repeat the tests on the first sample.


C

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Arwen Company has correctly computed its economic order quantity at 500 units; however, management feels it would rather order in quantities of 600 units. How should Arwen's total annual order cost and total annual carrying cost for an order quantity of 600 units compare to the respective amounts for an order quantity of 500 units?

a. Higher total order cost and lower total carrying cost b. Lower total order cost and higher total carrying cost c. Higher total order cost and higher total carrying cost d. Lower total order cost and lower total carrying cost

Business

Composite, Inc, a firm specializing in building materials, engaged in the following transaction during 2013: issued 2,000 shares of common stock for $7,500 million in cash. Indicate the effects of the transaction on the balance sheet equation. (Composite Inc applies U.S. GAAP financial reporting standards, and reports its results in millions of dollars.)

a. Liabilities +$7,500 million; Shareholders' Equity -$7,500 million b. Liabilities +$7,500 million; Shareholders' Equity +$7,500 million c. Assets +$7,500 million ; Liabilities +$7,500 million d. Assets +$7,500 million ; Shareholders' Equity +$7,500 million e. Assets -$7,500 million ; Liabilities -$7,500 million

Business

Failure as a result of the wrong procedures being set up in the organization so communication breaks down among employees and things begin to fall through the cracks is known as _______________.

a. uncertainty b. process inadequacy c. deviance d. lack of ability

Business

What is war chalking?

A. Allows mobile voice calls to be made over broadband networks, creating-under the right network conditions-clearer audio and fewer dropped calls. B. Deliberately searching for Wi-Fi signals while driving by in a vehicle. C. The practice of tagging pavement with codes displaying where Wi-Fi access is available. D. Remotely controls smart phones and tablets, ensuring data security.

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