Forty Samples of 100 Are Taken,with the Total Number of Defective

question 5

Multiple Choice

Forty samples of 100 are taken,with the total number of defective units being 150.What is the upper control limit of the three sigma (z = 3) p-chart?

• A)0.0375
• B)0.0945
• C)0.165
• D)0.793

Grasp the concept of goal congruence in budgeting and its impact on organizational alignment and performance.

Understand the concept and purpose of zero-based budgeting.

Recognize factors that contribute to budget acceptance.

Identify strategies for managing performance, including the creation and impact of budgetary slack.

---

Definitions:

Unit Elastic

A demand or supply situation where the percentage change in quantity demanded or supplied is exactly equal to the percentage change in price.

Elasticity of Demand

It refers to the responsiveness of the quantity demanded for a product to a change in its price, showing the sensitivity of consumers to price adjustments.

Market Period

A period during which sellers are unable to change quantity offered for sale in response to a change in price.

Quantity Supplied

The amount of a product that producers are willing to supply at a given price.