A Large National Company Is Considering Negotiating Cellular Phone Rates

question 55

Multiple Choice

A large national company is considering negotiating cellular phone rates for its employees. The Human Resource department would like to estimate the proportion of its employee population who own an Apple iPhone. A random sample of size 250 is taken and 40% of the sample own an iPhone. The 95% confidence interval to estimate the population proportion is ___.

• A) 0.35 to 0.45
• B) 0.34 to 0.46
• C) 0.37 to 0.43
• D) 0.39 to 0.41
• E) 0.40 to 0.42

Analyze the impact of using different types of power in organizational settings.

Understand how legitimate power is derived and operates within public organizations.

Apply knowledge of power dynamics to devise strategies for solving problems in organizational contexts.

Comprehend the concept of employee empowerment and its different levels.

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Definitions:

Loss

A financial situation in which expenses exceed revenues, indicating negative profitability for a business or investment.

New Firms

Newly established business entities that have recently started operations, contributing to innovation, competition, and economic dynamics.

Existing Firms

Businesses that are already operating within a market, as opposed to new entrants.

Long Run

A period in economics where all factors of production and costs are variable, allowing for complete industry adjustment to changes.