If A and B are independent events with P(A) = 0.5 and P(B) = 0.5, then P(A ? B)
a. is 0.00.
b. is 1.00.
c. is 0.5.
d. None of these alternatives is correct.
d
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An example of a continuous process is the production of
a. wedding invitations b. milk products c. jet aircraft d. all of the above
A ______ is a training method that simulates a real-life situation to teach students what actions to take in the event that they encounter a similar situation on the job.
A. selection B. simulation C. competency D. reinforcement
Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Year 1 Year 2 Beginning inventory$120,000 $130,000 Cost of goods purchased 250,000 275,000 Cost of goods available for sale 370,000 405,000 Ending inventory 130,000 135,000 Cost of goods sold$240,000 $270,000 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,000 and 2) ending inventory at the end of Year 2 was overstated by $6,000. Given this information, the correct cost of goods sold figure for Year 2 would be:
A. $264,000 B. $276,000 C. $249,000 D. $291,000 E. $285,000
Which of the following is a function of the marketing department of an insurance company?
A) to settle claims after a loss has been reported B) to determine the cost of products the insurer sells C) to make final underwriting decisions D) to identify production goals