The JO Supplies Company Buys Calculators from a Non-U

question 6

Multiple Choice

The J.O. Supplies Company buys calculators from a non-U.S. supplier. The probability of a defective calculator is 10 percent. If 10 calculators are selected at random, what is the probability that 3 or more of the calculators will be defective?

• A) .0702
• B) .0574
• C) .9298
• D) .0128

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Definitions:

Multi-Product Exporter

A company that exports a variety of different products rather than specializing in a single product line.

Ethnocentric

The belief in the inherent superiority of one's own ethnic group or culture over others.

Monochronic

A cultural orientation that values doing one task at a time, emphasizing schedules, punctuality, and a linear approach to organizing time.

Geocentric

A viewpoint in international business that sees the world as a potential market with no inherent focus on any specific national market, promoting a global approach to marketing and production strategies.