An Automatic Teller Machine Requires That Each Customer Enter a Three-Digit

question 158

Multiple Choice

An automatic teller machine requires that each customer enter a three-digit personal identification number (PIN) when he or she inserts a bank card. If a person finds a bank card and guesses at a PIN to use the card fraudulently, what is the probability that the person will succeed in one attempt? ​

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Definitions:

Contingency Approach

A management theory that suggests the most appropriate management style or approach depends on the specific aspects of the situation at hand.

Chaos Theory

A branch of mathematics focusing on the behavior of dynamical systems that are highly sensitive to initial conditions, often leading to unpredictable and complex outcomes.

Purely Situational Approach

A viewpoint emphasizing that behavior or decisions should be based solely on the specifics of the situation, rather than on general principles or theories.

Theory Y

Theory Y suggests a management style that assumes employees are self-motivated, seek responsibility, and can solve work problems creatively, advocating for a participative management approach.