It Is Known That Screws Produced by a Certain Company

question 28

Multiple Choice

It is known that screws produced by a certain company will be defective with probability .01 independently of each other.The company sells the screws in packages of 25 and offers a money-back guarantee that at most 1 of the 25 screws is defective.Using Poisson approximation for binomial distribution,the probability that the company must replace a package is approximately _________

• A) 0.01
• B) 0.1947
• C) 0.7788
• D) 0.0264
• E) 0.2211

Evaluate the role of personal moral development and reasoning in ethical decision-making within organizations.

Explain the influence of social consensus on the perception of decisions as ethical or unethical.

Compare and contrast ethical principles used to justify decisions, highlighting differences between self-serving and community-focused approaches.

Define concepts of proximity, temporal immediacy, and concentration of effect in the context of ethical issues.

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Definitions:

Loan

A financial agreement in which one party lends money to another, which is then required to repay the amount along with interest over a predetermined period.

Financial Assets

Assets that derive value because they represent a claim on future cash flows or other financial benefits, such as stocks, bonds, or bank deposits.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels, such as corporate income and then again as shareholder dividends.