A Quality Inspector for Alpha-Beta Co

question 21

Multiple Choice

A Quality Inspector for Alpha-Beta Co.is concerned about the quality of the batch of several thousand Gizmos which his company produced this week and is preparing to ship.If the cost of replacing a defective Gizmo once it has been shipped is $2.00,while the cost of 100% inspection prior to shipment is $.40 each,at what point is he indifferent between 100% inspection or shipment without inspection?

• A)0% defectives
• B)2% defectives
• C)5% defectives
• D)20% defectives
• E)30% defectives

Understand the principles of entrepreneurship applied to achieve social and economic value.

Differentiate between corporate social responsibility (CSR), social entrepreneurship, and traditional nonprofit organizations.

Understand the importance of faith in the inherent goodness of social entrepreneurship for tackling complicated social issues.

Comprehend the rationale behind why Corporate Social Responsibility (CSR) is beneficial for business.

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Definitions:

Equivalence

The state of being equal in value, function, or meaning.

Psychic Value

The importance or significance that an individual attaches to objects, events, or relationships as per their emotional or unconscious investment.

Desires

Strong feelings of wanting or wishing for something to happen or be the case.

Beliefs

Beliefs are convictions or acceptances that something exists or is true, especially without proof.