A Small Business Just Leased a New Presentation Equipment and a Color

question 5

Multiple Choice

A small business just leased a new presentation equipment and a color laser printer for three years. The service contract for the computer offers unlimited repairs for a fee of
$100 a year plus a $25 service charge for each repair needed. The company's research
Indicates that during a given year 86% of these computers need no repairs, 9% need to be
Repaired once, 4% twice, 1% three times, and none required more than three repairs.
The standard deviation of the company's annual expense with the service contract for the
Presentation equipment is

• A) $105.
• B) $10.25.
• C) $187.42.
• D) $13.69.
• E) $2.75.

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Definitions:

Production-Centered Management

A management approach focusing primarily on the output and productivity of workers, often at the expense of employee satisfaction or creativity.

People-Centered Management

A management style that prioritizes the well-being and development of employees as the key to organizational success.

Authoritarian Management

A management style characterized by strict control, limited employee input, and a hierarchical decision-making process.

Autocratic Managers

Leaders who make decisions unilaterally without much input from team members, typically involving strict control over all decision-making in the workplace.