AM
Adrienne Michelle
Answers (6)
AM
Answered
An efficiency wage is higher than the equilibrium wage to motivate the employee to work hard.
On Jul 22, 2024
True
AM
Answered
Long-term forecasts are usually less accurate than short-term forecasts because
A) short-term forecasts have a larger standard deviation of error relative to the mean than long-term forecasts.
B) short-term forecasts have more standard deviation of error relative to the mean than long-term forecasts.
C) long-term forecasts have a smaller standard deviation of error relative to the mean than short-term forecasts.
D) long-term forecasts have a larger standard deviation of error relative to the mean than short-term forecasts.
A) short-term forecasts have a larger standard deviation of error relative to the mean than long-term forecasts.
B) short-term forecasts have more standard deviation of error relative to the mean than long-term forecasts.
C) long-term forecasts have a smaller standard deviation of error relative to the mean than short-term forecasts.
D) long-term forecasts have a larger standard deviation of error relative to the mean than short-term forecasts.
On Jul 19, 2024
D
AM
Answered
A car mechanic is thinking of guaranteeing customers that an oil change will take no more than 15 minutes with a 99.73% confidence level. He takes a few samples of size 5 and finds the process mean to be 13 minutes with a standard deviation of .2 minutes and average sample range of 1.2 minutes. Find the A2, D2, and D3 values and use them to compute the upper and lower limits for an x-bar chart. Use the upper limit to determine if the mechanic can offer a 15 minute guarantee. Assume the mechanic plots the samples on the x-bar control chart and finds the process is in control, is there anything else the mechanic is missing to ensure the process is in control?
On Jun 22, 2024
From Table S6.1 in the text,
A2 = .577
D4= 2.115
D3 = 0
UCL = 13 + .577 (1.2) = 13.69 minutes
LCL = 13 - .577(1.2) = 12.308 minutes
The upper limit is less than 15, so the mechanic can offer the guarantee and be on time over 99.73% of the time. However, the mechanic forgot to calculate an R-chart to check his samples to ensure the process is in control.
A2 = .577
D4= 2.115
D3 = 0
UCL = 13 + .577 (1.2) = 13.69 minutes
LCL = 13 - .577(1.2) = 12.308 minutes
The upper limit is less than 15, so the mechanic can offer the guarantee and be on time over 99.73% of the time. However, the mechanic forgot to calculate an R-chart to check his samples to ensure the process is in control.
AM
Answered
In the U.S. Steel case of 1920, the courts held that
A) the structure of an industry is more important than its behavior in determining violations of the antitrust laws.
B) any firm that faces substantial import competition is exempt from the antitrust laws.
C) although U.S. Steel possessed monopoly power, it had not violated the Sherman Act because it had not unreasonably used that power.
D) the fact that U.S. Steel possessed monopoly power was a violation of the Sherman Act.
A) the structure of an industry is more important than its behavior in determining violations of the antitrust laws.
B) any firm that faces substantial import competition is exempt from the antitrust laws.
C) although U.S. Steel possessed monopoly power, it had not violated the Sherman Act because it had not unreasonably used that power.
D) the fact that U.S. Steel possessed monopoly power was a violation of the Sherman Act.
On Jun 19, 2024
C
AM
Answered
The retirement of a bond which has a $250,000 maturity value and a $10,000 balance in premium on bonds payable (bond premium)creates a $15,000 gain if the bond is retired at a cost of $245,000.
On May 23, 2024
True
AM
Answered
______ is an aspect of PR consisting of any message about an organization that is communicated through the mass media that does not require payment.
A) Public relations
B) Advertising
C) Personal selling
D) Promotion
A) Public relations
B) Advertising
C) Personal selling
D) Promotion
On May 20, 2024
A