An Automatic Teller Machine Requires That Each Customer Enter a Three-Digit

question 158

Multiple Choice

An automatic teller machine requires that each customer enter a three-digit personal identification number (PIN) when he or she inserts a bank card. If a person finds a bank card and guesses at a PIN to use the card fraudulently, what is the probability that the person will succeed in one attempt? ​

Appreciate the role of accuracy, relevance, and timeliness in making the accounting information useful for decisions.

Understand the concept of sunk costs and their irrelevance in future decision-making.

Understand the factors affecting decision-making for accepting special orders and managing capacity.

Apply the relative sales value method to allocate joint costs between products.