Exhibit 7-2 A Random Sample of 10 Examination Papers in a Course

question 127

Multiple Choice

Exhibit 7-2
A random sample of 10 examination papers in a course, which was given on a pass or fail basis, showed the following scores.
-Refer to Exhibit 7-2. The point estimate for the mean of the population is

• A)750
• B)100
• C)85
• D)75

Distinguish between business models, business plans, and their respective purposes and structures.

Identify the key elements involved in the infrastructure of a business model.

Appreciate the importance of customer segmentation and targeted marketing in business strategy.

Understand the concept and importance of financial viability within a business model.

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Definitions:

Corporations

Legal entities that are separate from their owners, providing limited liability protection, and able to enter into contracts, sue, and be sued.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Directors

Directors are individuals elected by the shareholders of a corporation to oversee and direct the corporation's affairs and make significant business decisions.

Shareholder's Right

The entitlements and privileges, such as voting and profit sharing, accorded to individuals or entities owning shares in a corporation.