Clemente Santiago Has Formed a Business That Sells Carved Gourmet

question 5

Multiple Choice

Clemente Santiago has formed a business that sells carved gourmet coconuts.He has hired five employees.The most senior is Friday,who manages the carving process.Monday is the newest employee.She collects the coconuts.Tuesday takes calls from unhappy customers.Wednesday tosses finished coconuts into the sea,sending them to the wholesaler.Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay.Which of the following functions in the value chain is Friday performing?

• A) Inbound logistics
• B) Operations
• C) Outbound logistics
• D) Marketing and sales
• E) Service

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Definitions:

Standard Error

The standard deviation of the sample distribution of a statistic, commonly used in determining how well a sample represents a population.

Sampling Distribution

A distribution of probabilities for a statistic that is acquired by drawing numerous samples from a particular population.

Margin of Error

An expression of the amount of random sampling error in a survey's results, which indicates the precision of the estimates.

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