A Company Is Interviewing Applicants for Managerial Positions

question 24

Multiple Choice

A company is interviewing applicants for managerial positions.They plan to hire two people.They have already rejected most candidates and are left with a group of 7 applicants of whom 6 are women.Unable to differentiate further between the applicants,they choose two people at random from this group of 7.Let the random variable X be the number of men that are chosen.Find the standard deviation of X.

• A)σ = 0.49
• B)σ = 0.42
• C)σ = 0.45
• D)σ = 0.20
• E)σ = 0.55

Understand the significance of socially responsible investing and criteria for selecting such mutual funds.

Understand the key concepts and results of the Hawthorne studies and their impact on management practices.

Grasp the differences between Maslow's hierarchy of needs and how it applies to workplace motivation and productivity.

Recognize the theoretical distinctions between McGregor's Theory X and Theory Y and their implications for management effectiveness.

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Definitions:

Ethical Dilemma

A situation in which a person must choose between two or more actions that have different moral implications, making it difficult to decide the right course of action.

Shareholders

Individuals or entities that own shares in a corporation, making them partial owners of the company.

Leaders and Loyalty

The relationship and dedication that leaders inspire in their followers to commit to a cause or organization.

Nuremberg Defense

A legal defense where the defendant claims they were following orders and therefore should not be held responsible for their actions.