A product consists of two parts. The reliability of these parts are 0.98 and 0.86. Calculate and indicate product reliability.

a. 84.3%
b. 75.2%
c. 69.1%
d. 73.2%


a. 84.3%

Business

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Indicate whether the statement is true or false

Business

A firm is required to estimate a liability for repairs for products sold with a warranty. If the firm's accountants later find that the estimated amount for repairs has been overstated, the correct accounting procedure is to

a. make an adjusting entry to reduce the amount of estimate. b. make a correcting entry because the overstatement is an error. c. show the amount of overstatement on the income statement as a loss. d. do nothing for the year in question and modify the next year's estimate.

Business

With ________ respondents are presented with a list of words, one at a time. After each word, they are asked to give the first word that comes to mind

A) word association B) sentence completion C) story completion D) none of the above

Business

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Indicate whether the statement is true or false

Business