The Following Table Shows the Distribution of Employees in an Organization

question 51

Multiple Choice

The following table shows the distribution of employees in an organization. Martha Foreman, an analyst, wants to see if race has a bearing on the position a person holds with this company. Using the p-value approach and α = 0.05, the decision and conclusion are ________.

• A) reject the null hypothesis; conclude race and seniority are dependent
• B) reject the null hypothesis; conclude race and seniority are independent
• C) do not reject the null hypothesis; cannot conclude race and seniority are dependent
• D) do not reject the null hypothesis; conclude race and seniority are independent

Understand the concept of make-or-buy decisions and how to calculate the total costs associated.

Identify the advantages and disadvantages of outsourcing parts of production.

Determine the opportunity costs involved in make-or-buy decisions.

Calculate avoidable fixed costs and their impact on make-or-buy decisions.

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Definitions:

Relative Purchasing Power Parity

An economic theory that states the rates of change in price levels between two countries should equal the rate of change in the exchange rate between their currencies.

Triangle Arbitrage

A practice of profiting from the price differential between three different currencies in the foreign exchange market.

Forward Trades

Non-standardized contracts between two parties to buy or sell an asset at a specified future date for a price agreed upon today.

Forward Market

A platform for trading financial agreements that are negotiated presently but fulfilled in the future.