A County Welfare Agency Employs 34 Welfare Workers Who Interview

question 226

Multiple Choice

A county welfare agency employs 34 welfare workers who interview prospective food stamp recipients.Periodically, the supervisor selects, at random, the forms completed by two workers to audit for illegaldeductions. Unknown to the supervisor, six of the workers have regularly been giving illegal deductions toapplicants. Given that the first worker chosen has not been giving illegal deductions, what is the probabilitythat the second worker chosen has been giving illegal deductions? Round to the nearest thousandth.

• A) 0.182
• B) 0.152
• C) 0.147
• D) 0.176

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Definitions:

International Financial Reporting Standard

A set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.

Negative Net Cash Flow

Negative net cash flow occurs when a company's cash outflows exceed its cash inflows during a given period, indicating more cash is being spent than generated.

Free Cash Flow

Free cash flow is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Common Stock

A type of equity ownership in a corporation, with voting rights and potential for dividends.