Consider a lawn mower that fails six times in 240 hours of operation. The failure rate of the lawn mower is ______.

a. 0.025
b. 0.040
c. 0.020
d. 0.030


a. 0.025

Business

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Belling Hotels provides a complimentary breakfast buffet to all guests. This is an example of a ________

A) primary service package B) service interface C) service support D) service frequency E) secondary service feature

Business

Which of the following statements is FALSE?

a. Liability understatements are easier to detect than other types of financial statement fraud. b. Analytical symptoms related to accounts payable understatements usually relate to reported balances that appear too low. c. A seasoned fraud examiner will look for unusual liability account changes to detect fraud. d. Companies in trouble have a strong motivation to understate liabilities.

Business

When Henry Ford first made the model T, he said consumers "can have any color they want as long as it is black." This was a case of _____.

A. repositioning B. reengineering C. one-to-one marketing D. undifferentiated targeting E. niche marketing

Business

Which of the following is true for European call and put options?

A. If they have the same strike price, they have the same implied volatility B. If they have the same time to maturity, they have the same implied volatility C. If they have the same strike price and time to maturity, they have the same implied volatility D. None of the above

Business