A standard normal distribution is a normal distribution with:
a. a mean of zero and a standard deviation of one.
b. a mean of one and a standard deviation of zero.
c. a mean always larger than the standard deviation.
d. None of these choices.
A
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Proponents of personalistic ethics argue that
A. everyone ought to decide for themselves what is right based on their conscience. B. the best way to achieve the greatest good is to closely follow a set of rules and principles. C. the worth of a particular action is judged on the basis of the consequences it produces. D. societies, organizations and cultures determine what is ethically appropriate and acceptable within that group.
Bank's Department Store has three departments: Men's, Women's and Children's. The store incurred $50,000 of store rental costs during the current year. The departments identified the following cost drivers: Men'sWomen'sChildren's Labor dollars$530,000 $775,000 $240,000 Number of employees 10 20 4 Square footage 3,000 8,000 1,000 Number of sales transactions 300,000 900,000 90,000 Using the most appropriate cost driver, how much rental cost should be allocated to the Women's Department? (Do not round intermediate calculations. Round your answer to the nearest dollar.)
A. $33,333 B. $29,412 C. $34,884 D. $25,081
Which of the following statements about marginal analysis is true?
A) Marginal analysis is typically a straightforward procedure to apply in real-life situations. B) An important factor in marginal analysis is predicting demand, which is an exact science. C) Marginal revenue is also the demand curve, so it represents the amount customers will buy at different prices. D) Profit is maximized at the point at which marginal cost is exactly equal to marginal revenue. E) The cost of producing a unit beyond the point when marginal cost equals marginal revenue is much less than the revenue from the sale of that unit.
Answer the following statement(s) true (T) or false (F)
1. Over time, firms have been less and less global in their focus. 2. The value of information allows it to often be referred to as an intellectual asset. 3. The flow of information from customers to a firm is referred to as internal information flow. 4. The flow of information from a firm to its customers is referred to as corporate information flow. 5. The construction industry is known for its lack of information flow problems.