An x chart for a normally distributed random variable has control limits set at ±3 standard errors from the centerline. One sample mean falls outside the control limits when the process is actually under control. The probability that this happened by chance is:
a. .997 c. .050
b. .500 d. .003
D
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On January 1 of the current year, Jimmy's Sandwich Company reported total stockholders' equity of $129,000. During the current year, total revenues were $108,000 while total expenses were $97,500. Also, during the current year the company paid $32,000 in dividends. No other changes in equity occurred during the year. The change in total equity during the year was:
A. An increase of $21,500. B. A decrease of $42,500. C. A decrease of $21,500. D. An increase of $42,500. E. An increase of $79,000
In the expectancy theory, ________ is the probability perceived by the individual that exerting a given amount of effort will lead to a certain level of performance.
A. expectancy B. valence C. instrumentality D. saliency
An arm's length transaction is one in which:
a. the parties owe each other a special duty of confidentiality. b. the parties owe each other a fiduciary duty. c. the parties are acting in their own self-interest. d. None of these.
An employer may legally provide differential treatment to its employees based on:
a. merit b. seniority c. business necessity d. merit or seniority only e. merit, seniority or business necessity