Gold Miners in Alaska Have Found, on Average, 12 Ounces

question 94

Multiple Choice

Gold miners in Alaska have found, on average, 12 ounces of gold per 1,000 tons of dirt excavated with a standard deviation of 3 ounces. Assume the amount of gold found per 1,000 tons of dirt is normally distributed. What is the probability the miners find more than 16 ounces of gold in the next 1,000 tons of dirt excavated?

• A) 0.0912
• B) 0.4082
• C) 0.5918
• D) 0.9082

Differentiate firms that practice corporate social responsibility from those that practice conscious marketing.

Explain the strategic marketing planning process and the integration of ethical considerations.

Describe specific CSR efforts by companies to mitigate criticism and support social responsibility.

Understand the factors that influence the likelihood of helping behavior.

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Definitions:

Social Loafing

A phenomenon in group settings where individuals reduce their effort because they believe others will pick up the slack.

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, especially after group discussions.

Racially Prejudiced

Holding prejudgments or hostile attitudes towards individuals of a different race based on stereotypes and biases.

Groupthink

A psychological phenomenon in which the desire for harmony or conformity within a group results in an irrational or dysfunctional decision-making outcome.