A True-False Test Consists of Five Questions

question 94

Multiple Choice

A true-false test consists of five questions. If you guess the answer to each question, what is the probability of getting all five questions correct?

• A) 0%
• B) 3.1%
• C) 6.2%
• D) 100%
• E) None of the choices are correct

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Definitions:

Management Rights

The legal and practical powers that allow managers and executives to direct operations and make decisions within an organization.

Hourly Wage

Compensation paid to an employee based on the number of hours worked.

Secret Profit

Gains obtained by an individual, often an agent or fiduciary, without the knowledge or consent of the principal or beneficiary they represent.

Duty Of Loyalty

An obligation of fiduciaries to act in the best interest of the party they owe the duty to, often in contexts such as corporate governance.