A Group of Employees of Unique Services Is to Be

question 50

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 classified as a maintenance employee?

• A) 0.20
• B) 0.50
• C) 0.025
• D) 1.00
• E) None of the choices are correct

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Definitions:

Wages Expense

Wages Expense is the total cost incurred by a business for paying salaries and wages to its employees during a financial period.

Wages Payable

An account liable for recording the unpaid earnings of employees for their completed work.

Accrue

The process in accounting by which revenues and expenses are recognized when incurred, regardless of when cash transactions occur.

Salaries Expense

The total amount spent by an organization on employee salaries over a specific period of time.