The time required to travel downtown at 10 a.m. on Monday morning is known to be normally distributed with a mean of 40 minutes and a standard deviation of 5 minutes. What is the probability that it will take more than 40 minutes?
A) 0.2500
B) 0.0625
C) 1.000
D) 0.5000
E) None of the above
D
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Gary Tucker is a senior salesperson at a retail showroom of Ford Motor Company. He sells more than 50 cars every month and often uses the minor-points close to get the order from clients. Which of the following statements is most likely an example of Gary's minor-points close?
A. "Would you prefer tan or black leather seats in this model?" B. "Would you prefer a single or double-cab truck?" C. "Are you looking for an economy car or an SUV?" D. "Are you searching for a new car or a pre-owned car?" E. "Would you like to purchase or lease the car?"
Retailers usually sell to final customers, whereas wholesalers sell to manufacturers
Indicate whether the statement is true or false
The National Tax Accountants Professional Association (TAPA) has recommended that its members charge a minimum of $25 per hour for completing tax forms. This recommendation is probably:
a. a per se price fixing violation of the Sherman Act. b. not a violation of the Sherman Act, because it has been made by a professional association. c. not a violation of the Sherman Act, because a fee is different from a price. d. subject to the rule of reason.
The three basic tasks of all managers, according to the text, are
A. marketing, production, and finance. B. planning, staffing, and evaluating. C. planning, implementation, and control. D. execution, feedback, and control. E. hiring, training, and compensating.