Which of the following statements is TRUE?
A) Sequential-sampling plans are preferred to single-sampling plans because the average number of items inspected is generally lower.
B) With a sequential-sampling plan, each time an item is inspected, a decision is made to accept or reject a lot.
C) With a sequential-sampling plan, sampling continues until the lot is rejected.
D) Sequential-sampling plans are defined by four parameters: n1, n2, c1, c2.
A
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The final step of ethical decision-making is to _____.
a. identify the alternative decisions and consequences b. identify the people affected by the situation c. determine that a decision needs to be made d. make the decision e. define all the facts and circumstances
The availability of so many choices to the customers in Los Angeles and the surrounding small towns in the casino industry is an indication of the
A. high bargaining power of suppliers. B. high pricing power of suppliers. C. high bargaining power of customers. D. low bargaining power of customers. E. low threat of new entries.