Use the Information for the Question(s)below

question 77

Multiple Choice

Use the information for the question(s) below. As an oil refiner,you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil.Because of its lower sulfur content,you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude.
-Assuming you currently have 10,000 Bbls of WTI crude,the added benefits to you if you were to sell the 10,000 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to:

• A)$730,600.
• B)$770,000.
• C)$40,800.
• D)$43,308.

Comprehend the concept of span of control and its implications in various organizational structures.

Identify organizational structures' implications on centralization, complexity, and the number of authority levels.

Understand the relationship between organizational size and its structural tendencies (centralization, formalization, spans of control).

Analyze the impact of organizational structure on decision-making processes.

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Definitions:

Nonrandom Sampling

A sampling technique where the samples are gathered in a process that does not give all the individuals in the population equal chances of being selected.

Sampling Error

Sampling error is the discrepancy between a sample statistic and its corresponding population parameter, caused by selecting a sample rather than conducting a census.

Mean Income

The average amount of income received over a specific period of time, calculated by dividing the total income by the number of recipients.

Binomial Variable

Variable consisting of exactly two categories.