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3 years ago

In more centralized organizations employees at all levels of the organization are involved in the decision-making process.

Business

1 answer:

MaRussiya [10]3 years ago

7 0

Answer:

B, False

Explanation:

A centralized organization can be defined as a decision-making process in which decisions are made and handled by the top executives of the organization.

This means that only employees in the highest of hierarchy in an organization are involved in the decision-making process rather than every employee in the organization. Decisions made by the top executives are to be followed by the other employees in the organization.

Cheers.

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Automobile repair costs continue to rise with the average cost now at $367 per repair.† Assume that the cost for an automobile r

vovikov84 [41]

Answer:

a) 0.1728

b) 0.09183

c) 0.7354

d) $ 222.25

Explanation:

Given

mean = $\mu$ = $367

Standard deviation = $\sigma$ =$88

Cost of automobile repair is normally distributed.

a) We have to find P( x > 450 )

P( x > 450 ) = 1 - P( x <= 450 )

Using excel function, P( x <= x ) = NORMDIST (x, $\mu$ , $\sigma$ , 1 )

P( x > 450 ) = 1 - NORMDIST( 450 , 367, 88, 1 )

= 1 - 0.8272 = 0.1728

P( x > 450 ) = 0.1728

b) P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( x < 250 ) = 0.09183

c) P( 250 < x < 450 ) = P( x <450 ) - P( x < 250 )

P( x <450 ) = NORMDIST( 450 , 367, 88, 1 ) = 0.8272

P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( 250 < x < 450 ) = 0.8272 - 0.09183 = 0.7354

P( 250 < x < 450 ) = 0.7354

d) We have P( X < a ) = 0.05

We have to find a.

Using Excel, = NORMINV ( Probability, $\mu$ , $\sigma$ )

a = NORMINV ( 0.05 , 367, 88 ) = 222.2529

Cost = $ 222.25

8 0

3 years ago

Sam wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacatio

KATRIN_1 [288]

Answer: Unit of account; Store of value; Medium of exchange.

Explanation:

Sam can easily know that the price of the computer system is more than the price of the vacation. This is a Unit of Account.

Unit of account is measuring of the value of a product against another in terms of a specific currency.

Sam has $1,537 in his checking account. This is a Store of value.

Store of value means an asset or money can be saved and retrieved at a later time, for future use.

Sam writes a check for $1,299 is a medium of exchange.

Medium of exchange is used to facilitate trade between parties. He exchanged money for the computer.

5 0

3 years ago

Surreal Corp. has borrowed to invest in a project. The loan calls for a payment of $17,500 every month for three years. The lend

Marianna [84]

Answer:

The rate at which to discount the payments to find sum borrowed is 12.68%

Explanation:

The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:

Effective annual rate = (1 + Quoted interest rate/m)^m - 1

quoted interest rate is 8.40

m is the number of months in a year when compounding is done which is 12

effective annual rate=(1+8.40%/12)^12-1

effective annual rate=(1+0.01)^12-1

effective annual rate=(1.01)^12-1

effective annual rate=1.12682503 -1

effective annual rate=0.12682503=12.68%

7 0

3 years ago

Economics indicators measures rather than activitys

ratelena [41]

Answer:ok24

Explanation:kkgotit

3 0

2 years ago

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

4 0

3 years ago