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STALIN [3.7K]
2 years ago
9

If a store manager only hires shift supervisors who have a four-year college degree, even though experienced cashiers without a

four-year degree can be excellent supervisors, may be occurring.
Business
1 answer:
Alona [7]2 years ago
4 0
Bias may be occurring.  Bias is basically thinking someone is better than another person due to one factor, without even knowing the person.  In this instance, the store manager is only hiring shift supervisors who have a degree, rather than an experienced cashier without a degree.  The bias here is dependent on the employee's educational history.  The manager may think that even though the cashiers are great, they still may not have the qualifications that one would pick up in college. 
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Members of the buying center at Kid's World, a store for children's clothing, are drawing up a list of desired supplier attribut
expeople1 [14]

Answer:

C) supplier selection

Explanation:

The five stages of the business buying decision process are:

  1. Awareness and recognition: someone at the company identifies the need for a purchase.
  2. Specification and research: a detailed specification about what product is needed, quantity and technical requirements is elaborated. Using this information you start to search for potential vendors or suppliers that can offer the product.
  3. Request for proposals: vendors are contacted and you request them to send you their proposals regarding the products that you are looking for.
  4. Evaluation of proposals: the buying team must evaluate the proposals received form the potential vendors and select the most appropriate one.
  5. Order and review process: Price ans selling terms are negotiated, he order is placed and finally the products received are controlled to check that they meet the specifications.
4 0
2 years ago
People end up tossing 12% of what they buy at the grocery store (Reader's Digest, March, 2009). Assume this is the true populati
Marina CMI [18]

Answer:

Consider the following calculations

Explanation:

People end up tossing 12% of what they buy at the grocery store (Reader's Digest, March, 2009). Assume this is the true population proportion and that you plan to take a sample survey of 540 grocery shoppers to further investigate their behavior.

a- Show the sampling distribution of ( p¯ ), the proportion of groceries thrown out by your sample respondents

sampling distribution of ( p¯ ) is normal with

mean = 0.12   and

standard error = sqrt(p(1-p)/n) = sqrt(0.12*0.88/540) =0.0140

b- what is the probability that the sample proportion will be within ±.03 of the population proportion?

z value for 0.03 difference, z=0.03/0.014 =2.14

The required P= P( -2.14<z<2.14) = P( z <2.14) – P( z <-2.14)

=0.9838 - 0.0162

=0.9676

c- what is the probability that your survey will provide a sample proportion within ±.015 of the population proportion?

z value for 0.015 difference, z=0.015/0.014 =1.07

The required P= P( -1.07<z<1.07) = P( z <1.07) – P( z <-1.07)

=0.8577 - 0.1423

=0.7154

d- What would be the effect of taking a larger sample on the probabilities in parts (b) and (c)? Why?

Taking a larger sample will decrease the standard error. The probabilities in parts (b) and (c) will increase.

8 0
2 years ago
Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh
Bingel [31]

Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

5 0
2 years ago
NoFly Corporation sells three different models of a mosquito "zapper." Model A12 sells for $60 and has variable costs of $43. Mo
Lunna [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Model A12:

selling price=  $60

variable cost= $43

Model B22:

selling price= $111

variable costs= $79

Model C124:

selling price= $402

variable costs= $309.

Sales mix:

A12= 60%

B22= 27%

C124= 13%.

Fixed costs= $225,789

First, we need to calculate the break-even point in units for the company as a whole:

Break-even point (units)= Total fixed costs / Weighted average contribution margin ratio

Weighted average contribution margin ratio= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin ratio= (0.6*60 + 0.27*111 + 0.13*402) - (0.6*43 + 0.27*79 + 0.13*309)

Weighted average contribution margin ratio= 30.93

Break-even point (units)= 225,789/30.93

Break-even point (units)= 7,300 units

Now, for each product:

Sales mix:

A12= 0.6*7,300= 4,380

B22= 0.27*7,300= 1,971

C124= 0.13*7,300= 949

5 0
2 years ago
Washington inc. issued $705,000 of 6%, 20-year bonds at 98 on January 1, 2009. Through January 1, 2017, Washington amortized $8,
cestrela7 [59]

Answer:

$20,000

Explanation:

Bond discount at the issuance of bond:

= Worth of Bonds issued -  [(Worth of Bonds issued ÷ 100) × Issue price]

= 705,000 - [($705,000 ÷ 100) × 98]

= $705,000 - $690,900

= $14,100

Bond Payable = $705,000

Unamortized bond discount:

= Bond discount at the issuance of bond - Amortized amount

= $14,100 - $8,200

= $5,900

Redemption Value of Bond = Retired price of bonds × 7,050

                                              = 102 × 7,050

                                              = $719,100

Loss on retirement on Bond:

= Redemption Value of Bond - (Worth of Bonds issued -  Unamortized bond discount)

= 719,100 - (705,000 - 5,900)

= 719,100 - 699,100

= $20,000

6 0
1 year ago
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