The Internal Auditing Staff of a Local Manufacturing Company Performs

question 30

Multiple Choice

The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are more than 90 days overdue (delinquent) .The historical records of the company show that over the past 8 years,the average has been that 14 percent of the accounts have been delinquent.For this quarter,the auditing staff randomly selected 250 customer accounts.What is the probability that at least 30 accounts will be classified as delinquent?

• A)31.86%
• B)18.14%
• C)81.86%
• D)63.72%
• E)75.84%

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Definitions:

HR-Related Challenges

Issues or problems specifically related to the management of human resources in an organization, which may include recruitment, retention, training, and compliance.

Host-Country Nationals

Refers to employees who are citizens of the country in which a multinational company's branch or subsidiary is located, as opposed to expatriates or immigrants.

Subsidiary Country

A nation where a corporation, through a subsidiary company, conducts part of its business operations.

Culturally Sensitive Products

Goods or services designed with an awareness of and respect for the cultural differences and preferences of their potential buyers.