Thirty-six percent of the students in a management class are graduate students. A random sample of 5 students is selected. Using the binomial probability function, determine the probability that the sample contains exactly 2 graduate students? (Round to four decimal places.)
What will be an ideal response?
0.3397 (rounded)
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Under a shareholder model, managers' primary obligation is to act in the best interests of:
A. Themselves B. The shareholders or owners C. Society D. Customers
Market control
A. is the use of rules, standards, regulations, hierarchy and legitimate authority to guide performance. B. is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them. C. uses prices, competition, and exchange relationships to regulate activities. D. does not assume that the interests of the organization and individuals naturally diverge. E. includes such items as budgets, statistical reports, and performance appraisals.
Dan arranged for his bank to wire $50 on the first of each month to the YMCA. The money was to pay for his membership. In April, the bank wired $50 to Young Machine Company of America, instead of the YMCA. Which statement is correct?
a. Dan, the originator, is liable for the amount of the payment. b. Dan's Bank is liable for the full amount of the payment. c. The prior Bank is liable for the full amount of the payment. d. Dan and the bank share liability for the amount of the payment.
The four factors that form marketing mix are ________.
A. product, price, promotion, and place B. product, place, politics, and price C. product, packaging, promotion, and price D. product, price, promotion, and public opinion