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Q:
Using data from a group to generalize to a larger group involves the use of _______.
a) descriptive statistics
b) inferential statistics
c) population derivation
d) sample persuasion
e) relative level data
Q:
A local manufacturing plant randomly selected 200 items from a production run and 9 of them are defective. The proportion of defective items in this sample is a ________
a) parameter
b) sample
c) population
d) statistic
e) frame
Q:
A cancer research group was interested in determining the percentage of women 40 years or older that have regularly scheduled mammograms. To accomplish this, they surveyed 500 women in this age group and based on 155 women that responded affirmatively, estimated the percentage of all women in this age group that have regularly scheduled mammograms. This process is an example of _________
a) nonparametric statistics
b) nominal data
c) descriptive statistics
d) inferential statistics
e) census
Q:
The process of summarizing the data is called
a) inferential statistics
b) nominal data
c) descriptive statistics
d) deferential statistics
e) nonparametric statistics
Q:
On discovering an improperly adjusted drill press, Jack Joyner, Director of Quality
Control, ordered an inspection of every fifth casting drilled during the evening shift. Jack is ordering a ___________________.
a) statistic from the castings
b) census of the castings
c) sample of the castings
d) sorting of the castings
e) parameter of the castings
Q:
On discovering an improperly adjusted drill press, Jack Joyner, Director of Quality
Control, ordered a 100% inspection of all castings drilled during the evening shift. Jack is ordering a ___________________.
a) statistic from the castings
b) census of the castings
c) sample of the castings
d) sorting of the castings
e) parameter of the castings
Q:
Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "every tenth payroll voucher issued since January 1, 2013." Pinky is ordering a __________________.
a) statistic from the payroll vouchers
b) census of the payroll vouchers
c) sample of the payroll vouchers
d) sorting of the payroll vouchers
e) parameter of the payroll vouchers
Q:
Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "each and every payroll voucher issued since January 1, 2013." Pinky is ordering a __________________.
a) statistic from the payroll vouchers
b) census of the payroll vouchers
c) sample of the payroll vouchers
d) sorting of the payroll vouchers
e) parameter of the payroll vouchers
Q:
Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend.
Specifically, the number of customers is stable at 1,500, but they are purchasing less each year.
She orders her staff to search for causes of the downward trend by selecting a focus group of 40 industrial customers. Sue is ordering a __________.
a) statistic from the industrial customers
b) census of the industrial customers
c) sample of the industrial customers
d) sorting of the industrial customers
e) parameter of the industrial customers
Q:
Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend.
Specifically, the number of customers is stable at 1,500, but they are purchasing less each year.
She orders her staff to search for causes of the downward trend by surveying all 1,500 industrial customers. Sue is ordering a __________.
a) statistic from the industrial customers
b) census of the industrial customers
c) sample of the industrial customers
d) sorting of the industrial customers
e) parameter of the industrial customers
Q:
Miguel Hernandez , Senior Vice President of Human Resources at Memorial Hospital is exploring the usage of nursing overtime in the emergency department during the last operating year. Staffing records and emergency department visits for all 360 days between the period of January 1, 2012 and December 31, 2012 are selected for analysis. Miguel's dataset can best be classified as a
is ordering a ____________.
a) statistic b) census
c) sample
d) sorting
e) parameter
Q:
When a person collects information from the entire population, this is called a _______.
a) parameter
b) sample
c) population
d) census
e) statistic
Q:
Miguel Hernandez , Senior Vice President of Human Resources at Memorial Hospital is exploring the usage of nursing overtime in the emergency department during the last operating year. Staffing records and emergency department visits for 20 days between the period of January 1, 2012 and December 31, 2012 are selected for analysis. For this study, the group of 20 days is a __________.
a) parameter
b) sample
c) population
d) statistic
e) frame
Q:
Miguel Hernandez , Senior Vice President of Human Resources at Memorial Hospital, is exploring the usage of nursing over-time hours in the emergency department during the last operating year (January 1, 2012 through December 31, 2012). Miguel intends to survey the emergency department nurses regarding their perception of over-time needs. For this survey y the set of all emergency department nurses who worked at Memorial Hospital during the last operating year is _________.
a) a parameter
b) a sample
c) the population
d) a statistic
e) the frame
Q:
Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend.
Specifically, the number of industrial customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by selecting a focus group of 40 industrial customers. For this study, the set of 40 industrial customers is ________.
a) a parameter
b) a sample
c) the population
d) a statistic
e) the frame
Q:
Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend.
Specifically, the number of industrial customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by surveying all 1,500 industrial customers. For this study, the set of 1,500 industrial customers is ______________.
a) a parameter
b) a sample
c) the population
d) a statistic
e) the frame
Q:
Rebecca Sear, Marketing Director of a regional restaurant chain, is directing a study to identify and assess the in-dining experience of the customers at one of the restaurants. She directs her staff to design a web-based market survey for distribution to all of the restaurant's 100 customers who enjoyed a meal during the past 6 months. For this study, the set of 100 customers is ________________.
a) a parameter
b) a sample
c) the population
d) a statistic
e) the frame
Q:
Rebecca Sear, Marketing Director of a regional restaurant chain, is directing a study to identify and assess the in-dining experience of the customers at one of the restaurants. . She directs her staff to design a web-based market survey for distribution to all of the restaurant's 1265 customers who enjoyed a meal during the past 6 months. For this study, the set of 1265 customers is ________________.
a) a parameter
b) a sample
c) the population
d) a statistic
e) the frame
Q:
Which of the following statements about business statistics is not true?
a) Virtually every area of business uses statistics in decision making.
b) Presenting business statistics always requires the use of a specific graph called a bar chart.
c) There is a wide variety of uses and applications of statistics in business.
d) Business statistics can be used to forecast future values and predict trends.
Q:
Interval- and Ratio-level data are sometimes referred to as quantitative data.
Q:
With interval-level data, the zero point is a matter of convention and does not mean the absence of the phenomenon under observation.
Q:
Nominal and ordinal data are sometimes referred to as quantitative data.
Q:
Nominal and ordinal data are sometimes referred to as qualitative data.
Q:
Numbers which are used to rank-order the performance of workers represent data measured at the interval level.
Q:
Numbers which are used only to classify or categorize the observations represent data measured at the nominal level.
Q:
The highest level of data measurement is the ratio level.
Q:
The lowest level of data measurement is the ratio level.
Q:
The manner in which numerical data can be analyzed statistically depends on the level of data measurement represented by numbers being analyzed.
Q:
All numerical data must be analyzed statistically in the same way because all of them are represented by numbers.
Q:
Measurements occur when a standard process is used to assign numbers to attributes or characteristics of a variable.
Q:
Variables and measurement data are interchangeable terms.
Q:
A variable is a numerical description of each of the possible outcomes of an experiment.
Q:
The basis for inferential statistics is the ability to make decisions about population parameters without having to complete a census of the population.
Q:
Calculation of population parameters is usually either impossible or excessively time consuming and costly.
Q:
Gathering data from a sample to reach conclusions about the population from which the sample was drawn is called descriptive statistics.
Q:
A descriptive measure of the sample is called a statistic.
Q:
Statistics is commonly divided into two branches called descriptive statistics and summary statistics.
Q:
A census is the process of gathering data on all the entities in the population.
Q:
A descriptive measure of the population is called a parameter.
Q:
A portion or subset of the entities under study is called the statistic.
Q:
The complete collection of all entities under study is called the sample.
Q:
A list of final grades in an introductory class in business is an example of statistics
Q:
Statistics are used to market vitamins.
Q:
Statistics can be used to predict the business future.
Q:
Virtually all areas of business use statistics in decision making.
Q:
The relationship between corporate philanthropy and financial performance can be described as:
a) positive " the more philanthropic behavior, the better the firm's financial performance
b) negative " the more philanthropic behavior, the worse the firm's financial performance
c) inverse U-shaped " up to a point, philanthropy and performance increase together; at a certain point, the relationship levels off and then declines
d) U-shaped " up to a point, philanthropy and performance decline together; at a certain point, the relationship levels off and then increases
e) none of the above
Q:
Archie Carroll's conceptualization of social responsibility includes all but which of the following components?
a) economic responsibilities
b) legal responsibilities
c) ethical responsibilities
d) philanthropic responsibilities
e) none of the above
Q:
Which of the following ethical theories can be used to support a more proactive approach to corporate responsibility, for example, purchasing an inexpensive new technology that could significantly reduce pollution?
a) utilitarian
b) deontology
c) virtue
d) all of the above
e) none of the above
Q:
The question of whether it is appropriate for corporations to avoid taxes by operating subsidiaries in nations and territories which allow them to move their income into tax-free accounts is primarily a question of __________ responsibility.
a) legal and allowable
b) civic and ethical
c) national and international
d) all of the above
e) none of the above
Q:
The tactic of some corporations legally not paying taxes is called:a) tax evasionb) tax avoidancec) tax creditsd) all of the abovee) none of the above
Q:
The Nobel Prize-winning economist Milton Friedman famously articulated the viewpoint that the social responsibility for business is to:
a) maximize profits within the law
b) engage in activities that broadly support the organization's mission
c) aspire to be model citizens
d) pursue profit at any cost
e) none of the above
Q:
Identify the steps required in the Community Involvement Management Process.
Q:
The process of determining a nonprofit strategic partner for corporate philanthropic activities includes exploring which three questions?
Q:
Provide an overview of the six phases of issues-driven multi-stakeholder dialogues.
Q:
Discuss the key features organizations should include when questioning their suppliers about their labor and health and safety practices.
Q:
Discuss the business case for community involvement, including the four areas of primary benefit.
Q:
Cite some of the specific examples of family-friendly and community-friendly policies suggested in the chapter, primarily provided by the annual Working Mother magazine's listing.
Q:
The Global Reporting Initiative (GRI) offers a standardized framework for community impact reporting, in addition to environmental performance.
Q:
Assessing key constituents to determine whether an important intended benefit of community involvement " namely, a better reputation -- is being accomplished is a strategy that will backfire and ensure that the company seems insincere.
Q:
Community involvement should not be used as a mechanism for networking, as that dampens the spirit of the philanthropic activities.
Q:
Community involvement provides an opportunity for team building, leadership training, and teaching project management, all of which directly impact a company's daily operations.
Q:
Employers can give back to the community quite directly by providing jobs to people in need, including groups most in need, such as ex-convicts.
Q:
One method of encouraging philanthropy is to arrange for employees to donate money through payroll deductions.
Q:
Milton Friedman's "The Gospel of Wealth" argued that wealthy individuals, particularly the self-made rich, had a moral responsibility to invest their fortunes for the well being of society.
Q:
Research indicates that philanthropy can help mitigate the negative effects when things go wrong in an organization.
Q:
Corporate philanthropy shouldn"t be framed as part of an organization's public relations strategy nor should it be linked with strategy.
Q:
With careful attention, managers can address all stakeholder demands.
Q:
According to the Interpenetrating Systems Model, the subsystems of human activities, none of which is monolithic, impact one another.
Q:
The United Nations Global Compact recognizes that working toward anticorruption standards would violate the freedoms of developing nations.
Q:
Sweatshops in developing nations always operate in clear violation of U.S. labor laws and of the labor laws of their host countries.
Q:
A solid ethical argument exists supporting the relativist approach to international corporate citizenship, particularly around issues such as sweatshops.
Q:
All firms with strong financial performance are eligible for inclusion on socially responsible investment indices, because strong performance is positively correlated with social responsibility.
Q:
Investors tend not to consider social responsibility when evaluating a company, provided the company has a strong bottom line.
Q:
Organizations with corporate citizenship tend to have problems attracting younger professionals, who tend to consider social responsibility outside the realm of work.
Q:
Organizations implementing the Optimal Ethics Systems Model will likely enhance their reputation within a community.
Q:
Employees who experience enjoyable and essential work are always able to successfully avoid burnout.
Q:
Legal compliance and corporate social responsibility are terms that can be used interchangeably when considering corporate conduct.
Q:
Tax evasion and tax avoidance are terms that can be used interchangeably when considering corporate conduct.
Q:
According to Friedman's conceptualization of corporate responsibility, sneaker manufacturers fulfill their social responsibilities by efficiently and effectively meeting consumers' sneaker needs without violating any laws.
Q:
A win-win strategic partnership whereby nonprofits benefit by revenue generated through the sales of the donor's product or service is called ______________.
a) cause-related marketing
b) corporate philanthropy
c) green marketing
d) strategic marketing
e) none of the above