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A Recent Article in the Paper Claims That Business Ethics

question 2

Multiple Choice

A recent article in the paper claims that business ethics are at an all-time low. Reporting on a recent sample, the paper claims that 42% of all employees believe their company president possesses low ethical standards. Assume that responses were randomly and independently collected. A president of a local company that employs 1,000 people does not believe the paper's claim applies to her company. If the claim is true, how many of her company's employees believe that she possesses low ethical standards?

Definitions:

Life Expectancy

The average period a person is expected to live, based on demographic factors such as current age, gender, and health conditions.

Benefit Formula

A method used to calculate the amount of benefits, such as pensions, insurance payouts, or social security, based on factors like income, years of service, or contributions.

Tax Rates

The percentages at which income or value is taxed by governmental authorities, varying by income level, product type, or activity being taxed.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding direct labor and materials.