If P (A or B)= 1

question 57

True/False

If P (A or B)= 1.0,then A and B must be mutually exclusive.

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Definitions:

Production

The act of developing, expanding, producing, or enhancing products and services.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products or job orders based on a certain activity base.

Direct Materials

Raw materials that are traceable directly to the finished product in the manufacturing process.

Manufacturing Overhead

Costs related to the manufacturing process that are not directly tied to the product being made, such as the cost of maintaining factory equipment.