An airline has determined that 20% of its international flights are not on time. Use the normal approximation to the binomial distribution to answer the following questions. What is the probability that of the next 80 international flights
a. fifteen or less will not be on time?
b. eighteen or more will not be on time?
c. exactly 17 will not be on time?
a. 0.4443
b. 0.3372
c. 0.1071
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Nonaka (2001) and others applied Polanyi’s concept of explicit and tacit knowledge but adapted it for management. How does Nonaka conceptualize the concept of tacit knowledge?
a. The formalized, accessible knowledge that can be thought, communicated and shared b. The process of learning, forgetting and memorizing what we do and say c. The underlying personal beliefs, values, and prescriptions that individuals take for granted d. The knowledge that comes with learning how to do things
Intensive distribution is
A. selling a product through all responsible and suitable wholesalers or retailers who will stock or sell the product. B. used to gain some of the advantages of exclusive distribution while still achieving fairly widespread market coverage. C. making a product available widely enough to satisfy target customers' needs but not exceed them. D. selling through only one wholesaler or retailer in a particular geographic area. E. selling through only those wholesalers or retailers who will give the product special attention.
When a hospital performs preadmission testing, in which it determines the most optimal treatment before the patient actually enters the hospital, it is considered to be performing:
A) utilization review B) cost containment C) catastrophe prevention D) adverse selection
After a corporate charter has been forfeited, the owners and officers of the dissolved corporation are __________ shielded from personal liability by using the corporate name when making contracts
A) still B) conditionally C) not D) retroactively