Cars arrive at a single-bay car wash at an average of 6 per hour according to the Poisson distribution. The wash time averages 4 minutes with a standard deviation of 1 minute,
but the wash time is not defined by any distribution. What is the average number of cars in line?
A) .142
B) .267
C) .283
D) 2.83
Answer: A
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Which of the following best describes needs assessment?
A. a process that evaluates the monetary needs of employees that will motivate them to undertake a training program B. a combination of employee characteristics and positive work environment that permit training C. an application that automates the administration and delivery of a company's training program D. the process to determine employees' characteristics to ensure their readiness for training E. the process of evaluating the organization, individual employees, and employees' tasks to determine what kinds of training are necessary
According to the AICPA, the auditor needs to clearly express an opinion based on audit evidence obtained in the form of a written report.This is stated in which AICPA principle governing an audit conducted in accordance with GAAS?
a. Principle 1 b. Principle 4 c. Principle 5 d. Principle 7
What is a weakness of utilitarianism within organizations?
a. A manager might make a decision that causes extreme harm to a few people so that the good of the majority is preserved. b. A manager might choose to harm or destroy the organization if the larger society disapproves of its mission. c. A manager may choose to play favorites with departments based on which has the best ethical record. d. A manager will have the organization repeatedly break the law if he or she does not believe in the good of those laws.
An incontestability clause prohibits an insurer from contesting statements made in an insurance application until a specified time has elapsed
Indicate whether the statement is true or false