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A large manufacturing firm tests job applicants. 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 sixth percent of the distribution. What is the lowest score a new hire must earn to qualify for a responsible position?
Conglomerate
A large corporation composed of diverse companies operating in various industries under one corporate group.
Production Synergies
The cost-saving or performance-enhancing effects achieved when two or more entities (e.g., companies or departments) combine their production efforts.
Diversify Risk
The strategy of spreading investments across various financial instruments, industries, or other categories to reduce risk.
Synergies
The additional value created by combining two companies or entities, often realized through cost savings, increased revenues, or enhancements in productivity.
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