A distribution with a high kurtosis has almost all of its observations within three standard deviations of the mean
a. True
b. False
Indicate whether the statement is true or false
False
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It is important that a standard rate rather than actual expenses be used to charge service department costs to producing departments so that:
a. production department managers know the amount of usage at the beginning of the year. b. extra costs resulting from inefficient operations in service departments cannot be passed on to the production departments. c. service department managers don't need to worry about meeting their budgets. d. extra costs resulting from inefficient operations in production departments can not be passed on to the service departments.
________ are the per-unit costs of production that will fluctuate depending on how many units or individual products a firm produces
A) Fixed costs B) Variable costs C) Average fixed costs D) Marginal costs E) Everyday costs
________ do not actually produce goods, but they do provide their customers with the time, place, and possession utility by making goods available when and where consumers want them
A) Resellers B) End users C) Not-for-profit organizations D) Producers E) Buying centers
Geoff hesitated as he read the fast food menu, unsure whether he should supersize his order of delicious golden French fries
Doing so would increase his cost from $0.99 to $1.59 and just might provide him the nutrition he needed to make it through the second half of his day at the office. Of course, if he finished his hamburger and the usual amount of fries, he would simply throw the extra ones away. However, if he failed to supersize his order, he would have to take a candy bar break mid-afternoon and they weren't exactly giving them away in the break room vending machines. He would likely need two candy bars, which sold for $0.95 each. What is Geoff's target service level? A) 0.29 B) 0.61 C) 0.76 D) 0.87