For which of the following is the sum of the deviations from the mean always equal to zero?
a.Harmonic mean
b.Arithmetic mean
c.Standard deviation
d.Variance
ANS:B
Business
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When an acceptable purchasing alternative has been identified and it is taken, the process is called:
A) decision maximization B) satisficing C) utilization D) standardization
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If the daily demand is 40 units and the lead time is 12 days, the reorder point is
a. 40 units b. 48 units c. 480 units d. none of the above
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As a manufacturer increases the price, ________
A) efficiency drops B) the break-even volume drops C) competition is minimized D) the total costs increase E) the profit margin shrinks
Business
Cultures that rely heavily on rituals, rules, and codes of conduct are high in _____
A) power distance B) uncertainty avoidance C) collectivism D) context E) ethnocentrism
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