A System Has Three Components in Parallel with Reliabilities 0

question 41

Multiple Choice

A system has three components in parallel with reliabilities 0.9, 0.7, and 0.5. System reliability is

• A) 0.315
• B) 0.700
• C) 0.900
• D) 0.985
• E) 2.100

Apply the production possibilities curve to analyze choices and trade-offs.

Explain the role of collective decision making in economic systems.

Understand the basics of economic questions (What, How, For Whom) that every economy must answer.

Evaluate economic decisions using the concept of true value and economic perspectives.

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Definitions:

Distributed Leadership

Distributed leadership is a management approach where leadership roles are shared among group members or throughout an organization, rather than concentrated in a single person.

Social Loafing

The tendency for individuals to decrease their effort in goal attainment when part of a group versus when working solo.

Cohesiveness

Refers to the strength of bonds between members of a group or team, enhancing unity and commitment towards common goals.

Groupthink

A mental occurrence happening among individuals in a group, where the preference for unity or agreement leads to unwise or ineffective outcomes in decisions.