A set of events is collectively exhaustive when it includes all the events that can occur in an experiment
Indicate whether this statement is true or false.
Answer: TRUE
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Marcelo is preparing a monthly report for his supervisor regarding plant operations. While Marcelo is happy to report that production increased by 20% this month, he needs to let his supervisor know that material charges, delivery costs and utilities to run the plant also increased significantly. These represent the plant's ________ costs.
Fill in the blank(s) with the appropriate word(s).
A force majeure clause usually excuses nonperformance caused by natural disasters such as floods, tornadoes, and earthquakes.
Answer the following statement true (T) or false (F)
Which of the following statements is correct about the loading expenses for insurance companies?
A) The loading expenses are measured using the expense ratio. B) The loading expenses are governed by law. C) The loading expenses reduce the insurance premiums charged by insurance companies. D) The loading expenses compensate the insurance companies for the risk that they take.
Victor owns a highly successful bakery and coffee shop, Mocha & Muffins. Others have expressed interest in starting nearly identical shops at various locations. Victor decides to sell franchises of Mocha & Muffins. Why is this option a less expensive way to increase the distribution of her treats?
A. He will only have to build as many shops as there are available franchisees. B. The franchisees will be highly motivated to succeed. C. He will not incur the high costs of constructing and operating more shops. D. He will be able to obtain low-interest loans for the new locations. E. He will be able to offer the franchisees free advice about their shops.