A company is considering producing some new Gameboy electronic games. Based on past records, management believes that there is a 70 percent chance that each of these will be successful, and a 30 percent chance of failure
Market research may be used to revise these probabilities. In the past, the successful products were predicted to be successful based on market research 90 percent of the time. However, for products that failed, the market research predicted these would be successes 20 percent of the time. If market research is performed for a new product, what is the probability that the product will be successful if the market research indicates a success?
A) 0.10
B) 0.90
C) 0.91
D) 0.63
E) 0.09
C
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When the value of the Mexican peso declines relative to another currency, the exchange rate for the Peso has
a. revalued. b. appreciated. c. depreciated. d. deposited.
The most important determinant of service quality is ________ which refers to the ability to perform the promised service dependably and accurately
A) empathy B) assurance C) responsiveness D) reliability E) tangibles
Under the first-in, first-out (FIFO) method, the cost of equivalent units of production is calculated by ________.
A) summing up only the transferred in costs of each department B) combining beginning inventory costs with current period costs C) considering only the transferred out costs of each department D) accounting for beginning inventory costs separately from current period costs
Operating information that has not been stated in dollar terms is called ________ measure
a. appraisal b. internal failure c. prevention d. nonfinancial