Select the Word That BEST Completes the Following Sentence

question 26

Multiple Choice

Select the word that BEST completes the following sentence. It has been estimated that it usually costs________ times as much to attract a new customer as it does to keep a current customer satisfied.

• A) five
• B) one hundred
• C) twenty
• D) three
• E) ten

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Definitions:

Safe Deposit Box

A safe deposit box is a secure container, usually held within a bank, where individuals can store valuable items such as documents, jewelry, and securities.

Expected Pay

The anticipated or forecasted amount of money one expects to receive for work performed or investment.

Probability

A measure of the likelihood that a specific event will occur, expressed as a number between 0 and 1.

Hourly Rate

A rate of payment for one hour of work, often used to calculate wages for part-time or contract employees.