Crowdsourcing tools and question-and-answer sites like Quora allow firms to reach out for expertise beyond their organizations.
<h3>What are crowdsourcing tools?</h3>
The term crowdsourcing is known to be the act of changing or turning to a body of people to get the needed knowledge, as well as goods or services.
Its types includes;
- Crowd Voting
- Crowd Funding
Therefore, Crowdsourcing tools and question-and-answer sites like Quora allow firms to reach out for expertise beyond their organizations.
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Answer & Explanation:
a) Total ways to select 4 cards out of 52
= 52 C 4 = 270725
Total ways to select 4 cards out of 40 other (faceless) cards
= 40 C 4 = 91390
P( faceless cards ) = 91390 / 270725
= 0.3376
P( minimum 1 face ) = 1 - P( faceless cards )
= 1 - 0.3376
= 0.6624
You should take the bet because probability of winning is greater than 50%.
b) Total ways to select 3 cards out of 52
= 52 C 3 = 22100
Total ways to select 4 cards out of 40 other (faceless) cards
= 40 C 3 = 9880
P( faceless cards ) = 9880 / 22100
= 0.4471
P( minimum 1 face ) = 1 - P( faceless cards )
= 1 - 0.4471
= 0.5529
You should take the bet because probability of winning is greater than 50%.
Answer:
corporate social responsibilities
Explanation:
Corporate Social Responsibility refers to the form of global self-regulation for private companies aimed at contributing to community objectives of an entrepreneurial, political, or humanitarian type or by participating in or promoting voluntary or ethically focused action.
Although before it was easy to explain CSR as an inner organizational practice or a business ethics technique, the period followed when different international legislation were established and different organizations used their power to move beyond person and even sector-wide programs.
Although it has long been known a type of organizational self-regulation, it has changed significantly over the past decades from voluntary actions at just the individual level companies to compulsory systems at local, domestic and international scale.
Answer:
comparative cost pricing
Explanation:
In comparative cost pricing strategy different prices charged by different seller is presented to buyer. The buyer has freedom to choose any price option based on comparative analysis of price.
In the question given above plumbing firms have given their prices to Rhonda and she chose lowest price which can be explained by comparative cost pricing.