For Gardyloo Manufacturing,the True Proportion of Accounts Receivable with Some

question 62

Multiple Choice

For Gardyloo Manufacturing,the true proportion of accounts receivable with some kind of error is 0.20.If an auditor randomly samples 225 accounts receivable,what is the approximate normal probability that 39 or fewer will contain errors?

• A)0.1797
• B)0.2097
• C)0.1587
• D)0.0544

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Definitions:

Forced Distribution

A performance evaluation method where employee evaluations are distributed along a bell curve, forcing a ranking of employees into categories.

Performance Management

The comprehensive approach of setting objectives, assessing progress, and providing ongoing feedback to ensure that employees meet their career goals and organizational needs.

Measurable Performance Goals

Measurable performance goals are specific, quantifiable objectives set for employees or teams to achieve within a set timeframe.

Human Resource Management

The strategic approach to the effective management of an organization's workers to help the business gain a competitive advantage.