A Large Manufacturing Firm Tests Job Applicants Who Recently Graduated

question 30

Multiple Choice

A large manufacturing firm tests job applicants who recently graduated from college. The test scores are normally distributed with a mean of 500 and a standard deviation of 50. Management is considering placing a new hire in an upper level management position if the person scores in the upper 6 percent of the distribution. What is the lowest score a college graduate must earn to qualify for a responsible position?

• A) 50
• B) 625
• C) 460
• D) 578

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Definitions:

Retail Inventory Method

The retail inventory method is an accounting technique used by retailers to estimate their inventory's ending balance/cost based on the relationship between the cost of merchandise and its retail price.