A Manager Has Just Received the Expense Checks for Six

question 60

Multiple Choice

A manager has just received the expense checks for six of her employees.She randomly distributes the checks to the six employees.What is the probability that exactly five of them will receive the correct checks (checks with the correct names) ?

• A)1
• B)½
• C)1/6
• D)0
• E)1/3

Grasp the concept of economies and diseconomies of scale and their implications on costs.

Comprehend the difference between the short run and the long run in production.

Calculate total revenue, total cost, and profit under different scenarios.

Distinguish between explicit and implicit costs and their relevance to economic and accounting profits.

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Definitions:

Normalizing

The process of making certain behaviors, values, or conditions seem normal within a society or group, often through repeated exposure or endorsement.

Excusing

The act of justifying or rationalizing one's behavior or mistakes to lessen responsibility or guilt.

Quid Pro Quo Sexual Harassment

Takes place when sexual threats or bribery are made a condition of employment decisions.

Sexual Threats

Expressions or actions intended to frighten or coerce individuals by invoking fear of sexual violence or harassment.