When n is reasonably large and p isn't too close to 0 or 1, the binomial distribution can be well approximated by which of the following distributions?
a. uniform distribution
b. normal distribution
c. triangular distribution
d. none of these choices
b
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Maxim manufactures a hamster food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000. The hamster food can be sold as it is for $9.00 per bag or be processed further into Premium Green and Green Deluxe at an additional $2,000 cost. The additional processing will yield 10,000 bags of Premium Green and 3,000 bags of Green Deluxe, which can be sold for $8 and $6 per bag, respectively. The net advantage (incremental income) of processing Green Health further into Premium Green and Green Deluxe would be:
A. $2,000. B. $96,000. C. $98,000. D. $8,000. E. $6,000.
A long-term plan that fulfills the goals and objectives of an organization is known as a(n)
a. management style. b. strategy. c. mission statement. d. operational mission.
Which of the following is the focus of pull marketing at the growth stage of the product life
cycle? A) showing how the organization's product is superior to others in the market B) educating consumers on the benefits of the new product C) cutting costs of promotion by eliminating pull marketing efforts D) offering incentives such as sales promotions to consumers for using the product
Some investors decided to start an insurance company. Each investor contributed $50,000 to raise the capital required to charter a new company. Each investor received an ownership interest in the company
The company will raise additional capital by selling ownership rights to other investors. Under this type of organization, the customer and owner functions are separate. This type of insurer is called a A) stock company. B) reciprocal exchange. C) fraternal company. D) mutual company.