A time study analyst is determining the standard time for a work element. The select time is 6.0 minutes, and the standard deviation of the select time is 2.2 minutes, based on a pilot sample of 20 observations
What is the appropriate sample size if the estimate for the select time is to be within 10 percent of the true average time 95 percent of the time (z = 1.96)?
A) fewer than 30 observations
B) greater than or equal to 30 observations but fewer than 40 observations
C) greater than or equal to 40 observations but fewer than or equal to 50 observations
D) greater than or equal to 50 observations
D
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Which one of the following ratios is a common analytical tool used by merchandise corporations, but not by service corporations?
a. Earnings per share b. Gross profit ratio c. Current ratio d. Profit margin
When considering the ethics of a visual aid, which of the following will help ensure there is no ethical lapse?
A) Provide only relevant background information on the visual aid. B) Minimize irrelevant data. C) Include enough information to allow readers to understand your point. D) Design visuals in such a way that they can be reshaped and manipulated to support a logical argument. E) Include visuals aids that are not open to individual interpretation.
Gormath Inc., a shoe manufacturing company, employs 750 workers to create handcrafted shoes. In the context of factors of production, the employees of Gormath Inc. can be classified as _____.
A. human resources B. entrepreneurs C. capital D. natural resources
Discount Retail Corporation may be engaging in conduct that violates the Sherman Act. To bring an action against the firm requires that its conduct have a significant impact on? A) international commerce
B) Internet commerce. C) interstate commerce. D) intrastate commerce.