What is the purpose of the Operating Characteristics curve?
What will be an ideal response?
An OC curve plots the probability of acceptance against the percentage of defects in the lot. It therefore shows how well an acceptance sampling plan discriminates between good and bad lots.
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Which of the following is not true regarding the use of linear compensation plans?
a. Under such plans, managerial reward is independent of budgetary targets. b. Such plans strongly link managerial compensation to the agreed-upon budget. c. Such plans encourage "gaming" behavior on the part of managers. d. Under such plans, managerial reward is based principally on actual performance. e. Under such plans, managerial reward is based on what managers actually do, not what they do relative to what they say they can do.
________ property includes such items as bank accounts, stocks, and insurance policies
A) Tangible personal B) Tangible real C) Intangible personal D) Intangible real