Solve the Problem $\frac { 1 } { 8 }$ Tuesday's Was Up

question 205

Multiple Choice

Solve the problem.
-Monday's closing value of your company's stock was up $\frac { 1 } { 8 }$ . Tuesday's was up $\frac { 1 } { 2 }$ , Wednesday's was down $\frac { 1 } { 8 }$ , but Thursday's closing was up again by $\frac { 1 } { 8 }$ . Finally, the stock closed the week down $\frac { 1 } { 4 }$ . What was the net change for the week?

• A) \(\frac { 5 } { 8 }\)
• B) \(\frac { 3 } { 8 }\)
• C) \(\frac { 9 } { 8 }\)
• D) \(- \frac { 5 } { 8 }\)

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Definitions:

Operational Approach

A manner of addressing tasks and problems through practical, action-based strategies focused on the efficient functioning of an organization.

Functional Approach

The functional approach focuses on how specific roles, responsibilities, and tasks within an organization are organized according to different functions or departments to achieve efficiency and effectiveness.

Contingency Approach

A management theory that suggests the best course of action in business or decision-making depends on the specific circumstances or factors present at the time.

Walter A. Shewart

An American statistician and engineer, known for his works in the field of quality control and the development of the control chart.