A Standard Exam Page Is 8

question 25

Multiple Choice

A standard exam page is 8.5 inches by 11 inches. An exam that is 2.0 mm thick has a volume of

• A) 1.9 × 10⁴ mm³.
• B) 4.7 × 10⁴ mm³.
• C) 1.2 × 10⁵ mm³.
• D) 3.1 × 10⁵ mm³.
• E) 3.1 × 10³ mm³.

---

Definitions:

Warranty Liability

The obligation a company assumes when it guarantees the condition of its product and agrees to repair or replace defective products.

FICA Taxes Payable

Liabilities owed by an employer to the federal government for Federal Insurance Contributions Act taxes, typically for Social Security and Medicare.

Current Liabilities

Obligations or debts that a company is expected to pay within one year or within the normal operating cycle of the business, typically including accounts payable and short-term loans.

Bonds Payable

A financial liability representing money a company owes to bondholders, to be repaid at a specified future date.