A Group of Battery Powered Toys Produced in a Day

question 12

Multiple Choice

A group of battery powered toys produced in a day at a factory has a defect rate of 0.5%. Suppose a quality inspector randomly inspects 200 of the toys. Complete the following statement: The quality inspector should expect ____defective toys, with an error of ____.

• A)1; 5%
• B)10; 5%
• C)1; 0.5%
• D)10; 0.5%

Identify the roles and activities within service firms related to customer interaction.

Understand the concept and components of billable hours in professional and service environments.

Distinguish between different costing systems and their application in service and merchandising contexts.

Identify processes and classifications within banking and service organizations.

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Definitions:

Delegation

The act of assigning responsibility or authority from one person or entity to another, typically from a higher to a lower authority.

Obligation

A legal or moral duty to do something or to abstain from doing something.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, specifically where the intent is to benefit the third party.

Creditor Beneficiary

A person or entity that benefits from a contract made between two other parties, particularly where one party promises to pay a debt owed to the beneficiary.