If two events are collectively exhaustive, what is the probability that one or the other occurs?
a. 0.25
b. 0.50
c. 1.00
d. This cannot be determined from the information given.
c
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In a competitive business market, one company's strategy might be to maximize its minimum profits
Indicate whether the statement is true or false
Vacation Vistas, Inc., agrees to sell certain acreage to Umiko, who intends to develop a destination resort. Vacation Vistas repudiates the deal. Umiko sues Vacation Vistas and recovers damages. She can now obtain
A. an amount in a quasi-contractual recovery. B. damages representing restitution. C. specific performance of the deal. D. nothing more.
Bubbles Soap Corporation has a quick ratio of 1.0 and a current ratio of 2.0 implying that
A) the value of current assets is equal to the value of inventory. B) the value of current assets is equal to the value of current liabilities. C) the value of current liabilities is equal to the value of inventory. D) All of the above. E) None of the above.
A major disadvantage of the payback period method is that it
a. Is useless as a risk indicator. b. Ignores cash flows beyond the payback period. c. Does not directly account for the time value of money. d. All of the above are correct. e. Only answers b and c are correct.