If arrivals follow a Poisson probability distribution, the time between successive arrivals must follow a(n) _____ probability distribution.
A. Poisson
B. normal
C. uniform
D. exponential
Answer: D
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Jack knows that his company is unable to provide employees with a holiday bonus. As the company gives a holiday bonus every year, he is certain his employees will be disappointed. Several weeks before he needs to tell employees about the bonus, he starts a rumor that the company is considering layoffs. Thus, when the employees hear that there is not a bonus, they are relieved, as this is better than layoffs. Which commonly used heuristic is Jack utilizing?
A. availability B. projection C. representativeness D. anchoring and adjustment
________ is a method of discounting future cash flows to calculate future value in today's
dollars, often used in capital budgeting analysis. A) Profitability index analysis B) Equivalent annual cost analysis C) Net present value analysis D) Internal rate of return analysis
Which of the following statements is true of management skills?
A. Managers who expect to grow in the company hierarchy must focus solely on improving their technical skills. B. Critical thinking prevents managers from learning conceptual and human skills. C. Top-level managers need stronger technical skills than front-line managers. D. Critical thinking helps managers find value even in an overload of information.
Which of the following roles in a firm would be least affected by using mobile devices to access firm information systems?
A) senior executives B) sales executives C) production workers D) operational managers E) knowledge workers