A Multiple Choice Question Has 12 Possible Answers, Only One

question 107

True/False

A multiple choice question has 12 possible answers, only one of which is correct. Is it "unusual" to answer a question correctly if a random guess is made?

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Definitions:

Interest Expense

The financial burden placed on a company due to borrowing funds over a time span.

Income Tax Expense

The cost associated with the taxes levied on the income of a company by the government.

Income From Operations

Income from a company’s principal operating activity; determined by subtracting cost of goods sold and operating expenses from net sales.

Trend Percentage

A comparative analysis technique that calculates the change in financial data over multiple periods to identify patterns or trends.