A statistical control chart:
a. Sets control limits based on managerial intuition and experience with the process.
b. Is useful for identifying random versus systematic variances.
c. Is useful for identifying in-control but not out-of-control operations.
d. Depicts the expected mean (or target) value of a process, but not the allowable range around that value.
e. Determines control limits (both upper and lower) informally, by trial and error.
b. Is useful for identifying random versus systematic variances.
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The spot exchange rate in New York is 1.600 dollars per British pound. The 360-day forward exchange rate is
1.680 dollars per pound. The one-year interest rate in Great Britain is 2% while the one-year interest rate in the United States is 4%. a. If the interest rate in Great Britain remains at 2%, what should the interest rate be in the United States according to the interest rate parity theory? b. An American investor with $40,000 decides to take advantage of the differences in rates. Ignoring transaction costs, how can the American investor exploit the disequilibrium? Compare the amount of money the investor will have at the end of the year if he or she invests in one-year U.S. securities versus one-year British securities.
Which of the following actions performs the function of an external adaptation task for the organization?
A) SLI Inc. revamped its production processes to meet increasingly strict product safety requirements. B) Persephone sets high standards for employee behavior, setting rigid criteria for determining reward systems. C) Serenity Inc. values employee empowerment and encourages employee involvement in decision-making. D) English is the common language for all organizational communication in BlueGreen's offices across the globe. E) Managers at Alliance Inc. are instructed to use a democratic rather than an autocratic leadership style.