A Group of Employees of Unique Services Is to Be

question 118

Multiple Choice

A group of employees of Unique Services is to be surveyed with respect to a new pension plan. In- depth interviews are to be conducted with each employee selected in the sample. The employees are classified as follows. What is the probability that the first person selected is either in maintenance or in secretarial?

• A) 0.200
• B) 0.015
• C) 0.059
• D) 0.001
• E) None of the choices are correct

---

Definitions:

Income Tax Expense

The amount of money a company or individual owes in taxes based on the taxable income for a given period, typically one year.

Profitability Index

A calculation used to determine the relative profitability of a project by dividing the present value of future cash flows by the initial investment.

Working Capital

Working capital is the difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.

Salvage Recovered

The estimated value or amount that can be recovered from an asset at the end of its useful life through sale or recycling.