ETS Business Exam Questions Perfectly Answered!!

The Balanced Scorecard includes which of the following performance perspectives? a) Customer perspective b)financial perspective c)internal perspective d) all of the above - Answer-d) all of the above A lamp manufacturer has developed five lamp bases and four lampshades that are interchangeable. How many different arrangements of base and shade can be offered? a) 5 b) 10 c) 15 d) 20 - Answer-d) 20 _______ is a one-time variation that is explainable. a) random variation b) irregular variation c) trend d) seasonal pattern - Answer-b) irregular variation Quality Control Systems include the following component(s); a) performance standard or goal b) means of measuring actual performance c) comparison of actual performances with the standard to for the basis for corrective action d) all of the above - Answer-d) all of the above A conditional probability is the probability that a) the measure that the likelihood of two or more events will happen concurrentlyb) the event only happens once c) a particular event will occur, given that another event has occurred d) one member of the family can be used to determine the probabilities of the entire family - Answer-c) a particular event will occur, given that another event has occurred Bass Fishing, Inc. assembles fishing reels in an assembly line using six workstations. Management wants an output rate of 300 reels per day, (with a 7.5 hour work-day). The sum of the task times is 8 minutes per reel. What is the total idle time? a) 5 minutes b) 3.5 minutes c) 2 minutes d) 1 minute - Answer-d) 1 minute