A Virtual Corporation

question 42

Multiple Choice

A virtual corporation:

• A) acts primarily as a coordinator
• B) has no need for suppliers because it produces everything it needs or sells
• C) does none of its production "in house"
• D) all of the above
• E) A and C only

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Definitions:

Standard Normal Curve

A bell-shaped curve that is symmetric about the mean, showing the distribution of a standard normal variable where the mean is zero and the standard deviation is one.

Z-score

A statistic that measures the distance of a single data point from the mean, expressed in units of standard deviation.

Percentile

A statistical measure indicating the value below which a given percentage of observations in a group falls.

Standard Normal Curve

A symmetrical bell-shaped curve representing the distribution of a variable that has been standardized; it has a mean of 0 and a standard deviation of 1.