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Peter Is Considering Pursuing an MBA Degree

question 145

Multiple Choice

Peter is considering pursuing an MBA degree.He has applied to two different universities.The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B.What is the probability that Peter will not be accepted at either university? You may assume that the universities make their decisions independently of one another.


Definitions:

Diverse Product Groups

A variety of product categories or lines that a company offers to cater to different market segments or consumer needs.

Departmentalization

A method of dividing an organization into different departments, which allows greater specialization and efficiency.

Matrix Structures

Describes an organizational structure where employees report to multiple managers, such as a project manager and a functional manager, aiming to improve flexibility and innovation.

Technical Specialists

Professionals with advanced skills and knowledge in a specific technical area, contributing expertise to support organizational goals and processes.

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