Marty and Biff both work for the same company producing the same teacups. Because they get paid a certain amount for each teacup they produce, and because Biff produces more teacups than Marty, Biff makes more money than Marty. This scenario is an example of a ______.
A. piece rate plan
B. profit sharing plan
C. merit pay plan
D. gainsharing plan
A. piece rate plan
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Moving materials is an example of a non-value-added manufacturing activity
Indicate whether the statement is true or false
An NHL executive says that players who incur penalty time during a game have a median time of 1.2 minutes in the penalty box. A random sample of 28 hockey players with penalty time produced 24 non-zero differences when a Wilcoxon signed rank test was used. The W (R+) equaled 156.5 . The alternate hypothesis is m ? 1.2 minutes. Assume the population is symmetrically distributed. The computed
test statistic in this instance equals: a. 156.5. b. 0.186. c. 6.5. d. 35. e. 143.5.
Mark Snyder deposited $2,200 in a six month CD that pays 4.5% simple annual interest. How much interest did he earn at the end of the term?
Multiply the following numbers: 79.59 × 97.5
A) 6320.25 B) 4753.305 C) 5721.6 D) 7760.025