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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The probability that an employee at a company eats lunch at the company cafeteria is 0.23,and the probability that employee is female is 0.52.Assume the probability that an employee eats lunch at the company cafeteria and is female is 0.11.
-Are eating lunch at the company cafeteria and gender of a randomly chosen employee mutually exclusive events?
Cash Shortage
A situation where the actual cash on hand is less than the expected amount, often due to errors, theft, or mismanagement.
Replenishment
The process of refilling inventory or stock to ensure adequate levels for ongoing operations or sales demands.
Journal Entry
An accounting record of a business transaction in the accounting books, including information such as the date of the transaction, amounts, accounts affected, and a brief description.
Petty Cash
A small amount of cash on hand used for minor expenses.
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