1. The ____ set standards for healthcare organizations and assess compliance
with those standards. - ANSWER Private sector accrediting bodies
2. Identifying and understanding _____ are essential of healthcare quality
management. - ANSWER customers' expectations and requirements
3. A corporate bond currently yields 8.3%. Municipal bonds with the same risk,
maturity, and liquidity currently yield 5.5%. At what tax rate would investors
be indifferent between the two bonds? - ANSWER 33.73%
4. When the costs of supplies increase in an industry, the low-cost leader -
ANSWER be the only firm able to pay the higher prices and continue to
earn average or above- average returns.
5. TQM is most helpful to firms following the ____ business strategy. -
ANSWER integrated cost-leadership differentiation
,6. All of the following are considered extrinsic motivators in Herzberg's two-
factor theory EXCEPT: - ANSWER Work itself
7. Which of the following is NOT one of the process motivation theories? -
ANSWER Acquired needs theory
8. An individual who purchases a computer later decides to acquire a new
motherboard. In terms of computing GDP, this new motherboard would be
a(n) - ANSWER Final good
9. The Porter's Five Forces Framework has often employed to understand the
______ in the industries. - ANSWER Competitive forces
10.______ is a "set of organizational processes for identifying the desired future
of the organization and developing decision guidlines" and providing a map
for how an organization will achieve its objectives and goals. -
ANSWER Strategic planning
11.Assume EVPI = $50,000 and EMV* = $35,000. If perfect information
exists, the value of EPPI is - ANSWER 85000
12.In one-way analysis of variance, within-treatments variation is measured by:
- ANSWER SSE
,13.When every possible sample with the same number of observations is
equally likely to be chosen, the result is called a - ANSWER Simple
random sample
14.If when using the confidence interval estimator of a proportion the
researcher finds that there is no chance of finding a success in the
population, adding the number 4 to the sample size could be part of the
solution, which refers to ______ - ANSWER The Wilson estimate
15.Which of the following is true about one-way analysis of variance -
ANSWER
16.Which of the following statements is not true? - ANSWER
17.A payoff table lists the monetary values for each possible combination of the
- ANSWER event (state of nature) and act (alternative)
18.Fisher's least significant difference (LSD) multiple comparison method is
flawed because - ANSWER it will increase the probability of committing
a Type I error
19.If a If all possible samples of size n are drawn from an infinite population
with a mean of u and a standard deviation of &, then the standard error of
the sample mean is inversely proportional to: - ANSWER square root of n
, A production manager is concerned with the average weight of metal ingots.
From past data, he knows that the population standard deviation is 1.6 lbs.
20.The manager wishes to make a 95% interval estimate using a sample of 64
ingots. What will be the maximum sampling error (E) in estimating the
population mean with this sample - ANSWER .392
21.As a general rule, the normal distribution is used to approximate the
sampling distribution of the sample proportion only if - ANSWER np and
n(1-p) are both greater than or equal to 5
22.The hypothesis of most interest to the researcher is - ANSWER The
alternative hypothesis
23.It is appropriate to identify the probability of intersections -
ANSWER multiplication rule
24.Thirty-six months were randomly sampled, and the discount rate on new
issues of 91-day Treasury Bills was collected. The sample mean is 4.76%,
and the standard deviation is 171.21. What is the unbiased estimate for the
mean of the population? - ANSWER 4.76%
25.The average speed of cars passing a checkpoint is 60 miles per hour with a
standard deviation of 8 miles per hour. Fifty (50) passing cars are clocked at
random from this checkpoint. The probability that the sample mean will be
between 57 and 62 miles per hour is: - ANSWER 0.9576
with those standards. - ANSWER Private sector accrediting bodies
2. Identifying and understanding _____ are essential of healthcare quality
management. - ANSWER customers' expectations and requirements
3. A corporate bond currently yields 8.3%. Municipal bonds with the same risk,
maturity, and liquidity currently yield 5.5%. At what tax rate would investors
be indifferent between the two bonds? - ANSWER 33.73%
4. When the costs of supplies increase in an industry, the low-cost leader -
ANSWER be the only firm able to pay the higher prices and continue to
earn average or above- average returns.
5. TQM is most helpful to firms following the ____ business strategy. -
ANSWER integrated cost-leadership differentiation
,6. All of the following are considered extrinsic motivators in Herzberg's two-
factor theory EXCEPT: - ANSWER Work itself
7. Which of the following is NOT one of the process motivation theories? -
ANSWER Acquired needs theory
8. An individual who purchases a computer later decides to acquire a new
motherboard. In terms of computing GDP, this new motherboard would be
a(n) - ANSWER Final good
9. The Porter's Five Forces Framework has often employed to understand the
______ in the industries. - ANSWER Competitive forces
10.______ is a "set of organizational processes for identifying the desired future
of the organization and developing decision guidlines" and providing a map
for how an organization will achieve its objectives and goals. -
ANSWER Strategic planning
11.Assume EVPI = $50,000 and EMV* = $35,000. If perfect information
exists, the value of EPPI is - ANSWER 85000
12.In one-way analysis of variance, within-treatments variation is measured by:
- ANSWER SSE
,13.When every possible sample with the same number of observations is
equally likely to be chosen, the result is called a - ANSWER Simple
random sample
14.If when using the confidence interval estimator of a proportion the
researcher finds that there is no chance of finding a success in the
population, adding the number 4 to the sample size could be part of the
solution, which refers to ______ - ANSWER The Wilson estimate
15.Which of the following is true about one-way analysis of variance -
ANSWER
16.Which of the following statements is not true? - ANSWER
17.A payoff table lists the monetary values for each possible combination of the
- ANSWER event (state of nature) and act (alternative)
18.Fisher's least significant difference (LSD) multiple comparison method is
flawed because - ANSWER it will increase the probability of committing
a Type I error
19.If a If all possible samples of size n are drawn from an infinite population
with a mean of u and a standard deviation of &, then the standard error of
the sample mean is inversely proportional to: - ANSWER square root of n
, A production manager is concerned with the average weight of metal ingots.
From past data, he knows that the population standard deviation is 1.6 lbs.
20.The manager wishes to make a 95% interval estimate using a sample of 64
ingots. What will be the maximum sampling error (E) in estimating the
population mean with this sample - ANSWER .392
21.As a general rule, the normal distribution is used to approximate the
sampling distribution of the sample proportion only if - ANSWER np and
n(1-p) are both greater than or equal to 5
22.The hypothesis of most interest to the researcher is - ANSWER The
alternative hypothesis
23.It is appropriate to identify the probability of intersections -
ANSWER multiplication rule
24.Thirty-six months were randomly sampled, and the discount rate on new
issues of 91-day Treasury Bills was collected. The sample mean is 4.76%,
and the standard deviation is 171.21. What is the unbiased estimate for the
mean of the population? - ANSWER 4.76%
25.The average speed of cars passing a checkpoint is 60 miles per hour with a
standard deviation of 8 miles per hour. Fifty (50) passing cars are clocked at
random from this checkpoint. The probability that the sample mean will be
between 57 and 62 miles per hour is: - ANSWER 0.9576
