A Company Manufacturing Computer Chips Finds That 8% of All

question 1

Multiple Choice

A company manufacturing computer chips finds that 8% of all chips manufactured are defective.In an effort to decrease the percentage of defective chips, management decides
To provide additional training to those employees hired within the last year.After
Training was implemented, a sample of 450 chips revealed only 27 defects.A hypothesis
Test is performed to determine if the additional training was effective in lowering the
Defect rate.Suppose the P-value associated with the test statistic is 0.0594.At α = .01,

• A)we can conclude that the additional training significantly lowered the defect rate.
• B)we can conclude that the additional training did not significantly lower the defect
• C)we can conclude that the additional training significantly increased the defect rate.
• D)we can conclude that the additional training did affect the defect rate.
• E)None of the above.

Distinguish between ethical and unethical uses of power.

Recognize the importance of expert and referent power in influencing others.

Describe the relationship between power, authority, and influence.

Understand the concept and significance of the zone of indifference.

---

Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operational costs, have been deducted from total revenue.

Closing the Revenue

Closing the Revenue involves transferring the revenue earned during an accounting period to the capital account to prepare the company's books for the next period.

Original Investments

The capital that the owners or shareholders initially put into the business to fund operations.

Net Loss

The deficit that occurs when a company's total expenses exceed its total revenues, indicating a negative profit for a specific period.