The Net Incomes (In $Millions) of a Sample of Steel

question 134

Multiple Choice

The net incomes (in $millions) of a sample of steel fabricators are: $86, $67, $86 and $85. What is
The modal net income?

• A) $67
• B) $85
• C) $85.5
• D) $86
• E) $84

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Definitions:

Reasonable Commercial Standards

The accepted norms and practices within a particular industry or trade that are considered to be fair and appropriate.

Demand Instrument

A demand instrument is a financial document that requires payment of a specified sum of money immediately upon demand or within a short time frame.

Overdue

Refers to something being past its expected or scheduled time, often used in the context of payments or tasks.

Primarily Liable

Refers to the party that bears the first or main responsibility for fulfilling an obligation or debt.