The Members of a Board of Directors Have the Following $$\mathrm { P } , \mathrm { V } \text { P,S P,T P,F V,S V,T V,F S,T S,F T,F }$$

question 81

Multiple Choice

The members of a board of directors have the following roles: president (P) , vice president (V) , secretary (S) , treasury (T) , and fundraiser (F) . Consider these board members to be a population of Interest. The possible samples (without replacement) of size two that can be obtained from these Five board members are as follows. $$\mathrm { P } , \mathrm { V } \text { P,S P,T P,F V,S V,T V,F S,T S,F T,F }$$
If a simple random sampling method is used to obtain a sample of two of the board members, what are the chances of selecting the secretary and the treasurer?

• A)\(\frac { 1 } { 20 }\)
• B) \(\frac { 1 } { 10 }\)
• C) \(\frac { 1 } { 5 }\)
• D) \(\frac { 2 } { 5 }\)

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Definitions:

Defensive Strategy

A set of actions undertaken by a corporation to protect itself against potential threats or mitigate existing ones.

Corporate Social Responsibility

A business model that integrates self-regulation into its business model to ensure its operations adhere to laws, ethical standards, and international norms, often going beyond profit to include environmental and social welfare.

Legal Requirements

Obligations imposed by law that individuals and organizations are bound to comply with.

Legal Responsibility

The obligation to act according to law, including adhering to statutes, regulations, and being accountable for actions or decisions.