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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 13

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
A company hires management trainees for entry level sales positions.Past experience indicates that only 10% will still be employed at the end of nine months.Assume the company recently hired six trainees.
-What is the probability that at least two of the trainees will still be employed at the end of nine months?

Understand the advantages and disadvantages of different forms of business ownership, such as corporations, partnerships, and franchises.

Comprehend the legal and financial aspects of franchising, including the roles and concerns of franchisees and franchisors.

Recognize the specific challenges and considerations associated with family-owned businesses and closed corporations.

Identify the characteristics and benefits of different types of corporations, including public, private, international, and not-for-profit organizations.

Definitions:

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in a production process.

Human Capital

The competencies, insights, and background that an individual or community has, assessed based on their economic value or cost to an organization or country.

Experience

The knowledge or skill obtained from involvement in or exposure to events, activities, or specific fields of work or study.

Compensating Differential

A wage premium paid to employees to compensate for undesirable aspects of a job, such as long hours or hazardous conditions.