True or False When the events within a set are both mutually exclusive and exhaustive, the sum of their probabilities is 1.0
Indicate whether the statement is true or false
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An external advertising agency may actually cost less than doing advertising work in-house
Indicate whether the statement is true or false
The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 6,200hoursStandard direct labor rate$7per hourLabor efficiency variance$2,100UnfavorableThe standard hours allowed for December's production is:
A. 6,000 hours B. 6,200 hours C. 6,500 hours D. 5,900 hours
Which of the following is FALSE concerning readability level?
a. A readability level of 10 means that a person would need to be able to read at the 10-grade level to understand the material. b. The two factors affecting the readability level are the number of words in the passage and the complexity of the sentences. c. Many word processing programs calculate readability levels automatically. d. The writer should use feedback on readability level to revise appropriately.
In which of the following situations have both parties given consideration to support a contract?
A) Pat, because of the great job that a contractor did in building an addition onto her house last year, promises to give the contractor an extra $1,000. B) Pat promises to give her mother $100 per month for the next ten years for all the work that her mother did in raising Pat. C) Pat, an accounting professor, agrees to tutor one of her students in the study of French for $10.00 per hour. D) Pat, a police officer, agrees to patrol someone's neighborhood while on duty for $100 a week.