If a and B Are Independent Events with P(A) =

question 65

Multiple Choice

If A and B are independent events with P(A) = 0.4 and P(B) = 0.25, then P(A ∩ B) =

• A) 0.65.
• B) 0.1.
• C) 0.625.
• D) 0.15.

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Definitions:

Without Recourse

A financial term indicating that the seller of an asset is not liable if the underlying assets fail to perform as expected.

Maturity Factoring

A form of financing where a business sells its invoices to a factor at a discount for immediate cash, with the collection of funds from customers handled by the factor upon maturity.

Cash Conversion Cycle

A metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Payables Deferral Period

The amount of time a company takes to pay off its suppliers after receiving goods or services, affecting its cash flow.