Out of 829 Items Checked Out of a Public Library

question 69

Multiple Choice

Out of 829 items checked out of a public library, 282 were fiction books, 294 were non-fiction books, and 253 were videos (of any genre) . What is the probability that a randomly-selected item was not a video?

• A)0.439
• B)0.340
• C)0.305
• D)0.695

Distinguish between formal and informal groups and their purposes within an organization.

Recognize the roles and influence of group norms and status in group behavior and performance.

Differentiate between homogeneous and heterogeneous groups and understand their impacts on organizational tasks.

Describe the characteristics and benefits of self-managing work teams.

---

Definitions:

Long-Run Equilibrium

A state in which all factors of production and outputs in an economy are fully adjusted so that economic inputs meet outputs in a sustainable way, leading to no excess demand or supply.

Monopolistic Competition

Monopolistic competition is a market structure characterized by many producers selling products that are similar but not identical, allowing for some degree of market power and product differentiation.

Economic Inefficiencies

Situations where resources are not used optimally according to consumer preferences, often leading to wasted resources or unmet demands.

Product Variety

Refers to the different types and variations of products available in a market or offered by a company.