The Probability of a New Employee Passing a Test Is

question 35

Multiple Choice

The probability of a new employee passing a test is .20. What are the odds of the employee passing the test?

• A) .20
• B) .25
• C) .80
• D) .75

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Definitions:

Fixed Assets

Long-term tangible assets that a firm uses in its operations and that are not expected to be consumed or converted into cash within a year.

Receivables

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Modified Accelerated Cost Recovery System (MACRS)

A method of depreciation used for tax purposes in the United States that allows businesses to recover investments in certain property over a specified life through annual deductions.

Tax Deductions

Expenses that can be subtracted from gross income to reduce taxable income and overall tax liability.