Alpha Corporation Receives a Shipment of Flour Every Morning from Their

question 2

Multiple Choice

Alpha Corporation receives a shipment of flour every morning from their supplier. The flour is in 40 kg bags and Alpha will reject any shipment that is more than 5% underweight. The foreman samples
60 bags with each shipment and if the bags average more than 5% underweight, the whole shipment is returned to the supplier. Determine the value for the standard error of the proportion.

• A) 0.12264
• B) 0.01504
• C) 0.00792
• D) 0.08898
• E) 0.1234

Acknowledge the role of rewards in encouraging employee participation in suggestion systems.

Recognize the communication systems within an organization, including upward and downward communication.

Understand the concept of the profitability index and its application in comparing investment proposals.

Calculate the simple rate of return on investments and understand its implications on investment decisions.

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Definitions:

Profit Centers

Segments or areas of a business that are responsible for generating their own revenues and profits.

Incentives

Rewards or penalties designed to encourage or discourage specific behaviors among individuals or groups, often used in economic and business contexts.

Information

is data that is processed, organized, or presented in a manner that makes it meaningful and useful for decision-making, learning, or analysis.

Firm Division

A segment or branch of a firm that operates under the larger corporate umbrella, focusing on specific operational tasks or market sectors.