The ___ risk is the probability that a lot will be rejected despite the quality level exceeding or meeting the ___ .
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The ___ risk is the probability that a lot will be rejected despite the quality level exceeding or meeting the ___ . |
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- Which of these properties is most vulnerable to purchasing-power risk? a single-family home rented month-to-month a vacation rental property rented for week-long stays a warehouse with a 20-year tenant a condo with year leasea bread manufacturer relies on maintenance employees to keep its rather quite old production equipment for their operation. Whenever the equipment breaks down, the maintenance team is able to repair the equipment quickly. However, they are less effective at avoiding these breakdowns and cannot predict when the equipment will break down. The maintenance group has modified the equipment over the years and, in any event, the manufacturer of the equipment is no longer in business. The maintenance employees teach each other how to repair the equipment, but have refused to document any of this information (saying that it is too difficult to document these details). The company owner has thought about firing the maintenance staff unless they document the maintenance procedures, but realizes that there is no one else who can repair the equipment. Discuss or explain the sources or types of power and contingencies (moderator) of power among the maintenance employees in this situation.17- According to a business plan for a startup, the break-even point was calculated at 12,000 units of sales. However, after launch, the average variable cost for the product has gone up. Which of the following is the effect on break-even point? Group of answer choices the effect on break-even point cannot be determined without more information the break-even point will remain the same the break-even point will be higher than 12,000 units the break-even point will be lower than 12,000 units 18- According to a business plan for a startup, the break-even point was calculated at 12,000 units of sales. However, after launch, the unit price for the product had to be lowered. Which of the following is the effect on break-even point? Group of answer choices the break-even point will remain the same the break-even point will be lower than 12,000 units the effect on break-even point cannot be determined without more information the break-even point will be higher than 12,000…
- The auditor will conduct more tests if he sets detection risk low. True FalseFor each scenario suggest a control that could be used to reduce the risk. Entering negative values for order quantity in a sales order Selling to a customer with an overdue account Ordering from a non-existent supplier Paying for goods that have not been received Entering an alphanumeric customer ID when the business policy is for numeric customer IDs Misappropriation of goods by receiving staff, who also maintain inventory records Ordering too much of a product 8. You are required to list and explain three advantages of computer-executed control activities compared to manually executed control activities.Lab 2 AP Austin Peay State University CLARKSVILLE TENNESSEE College of Business MGT 5055 Expected Value & Perfect Information Learning Material: Please watch this video. Scenario: A tech startup is considering launching a new product. They can either invest heavily in a full-feature version of the product (High Investment), invest moderately in a basic version (Medium Investment), or decide not to invest at all (No Investment). The market's response to the new product is uncertain. The market could have a Strong response, a Moderate response, or a Weak response. The startup has conducted a preliminary survey, which gives probabilities for each market response. Data (Payoff Table in USD): Decision High Investment Medium Investment No Investment Strong Response Moderate Response Weak Response 1,500,000 400,000 -700,000 700,000 500,000 -200,000 10 0 0 Market Response Probabilities: • Strong Response: 0.3 Moderate Response: 0.5 • Weak Response: 0.2 Assignment Steps: 1. Expected Monetary…
- A company specifies that, at receiving inspection, a random sample equal to 10% of the lot size will be drawn and inspected. If one or more units are nonconforming, the remaining of the whole lot must be screened (100% inspected). The cost of screening is charged to the supplier. Supplier A ships in lots of 500 units; supplier B, in lots of 1,000 units. What is the probability of acceptance for each supplier if the lots contain 0.3% nonconforming product? Do you think the company’s sampling plan is fair to its suppliers? Why or why not?A COA contains specifications and pass/fail results. True FalseYour process runs with an average of 14.6 and a standard deviation of 1.1. The specification limits are 14.4 to 14.9 A rejected item costs $2.73 What is the k-factor in the Loss Function for this situation O 11.2 O7.05 10.92 43.68 O 6.75 O0.01
- The effect of conflict on relationship quality is stronger than the effect of grattitude on realtionship quality. True False1. Three hundred identical cathode ray tubes (CRTS) placed into service simultaneously on January 1, 1976, experienced the following numbers of failures through December 31, 1988: 1983 Year Number of failures 1984 1985 1986 1987 1988 13 19 16 34 21 38 Assume that there were no failures before 1983. a. Based on these data, estimate the cumulative distribution function (CDF) of a CRT chosen at random. Using the results of part (a), estimate the probability that a CRT chosen at random 13.1 Reliability of a Single Component 753 b. Lasts more than 5 years. c. Lasts more than 10 years. d. Lasts more than 12 years. e. That has survived for 10 years fails in the 11th year of operation.Failure costs generally decline with higher quality. is this TRUE FALSE
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