THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 120

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
A company hires management trainees for entry level sales positions.Past experience indicates that only 10% will still be employed at the end of nine months.Assume the company recently hired six trainees.
-What is the probability that between one and three (inclusive) of the trainees will still be employed at the end of nine months?

• A)0.3543
• B)0.0984
• C)0.0146
• D)0.4673

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Definitions:

Sole Proprietorship

A business structure where a single individual owns, operates, and is responsible for all aspects of the business, including liabilities.

Owners' Claims

The financial interest or claims that business owners have in the assets of their company, often calculated as equity.

Assets

Economic resources owned or controlled by a business or individual, expected to produce value or benefit in the future.

Investing Activities

Financial actions related to acquiring or disposing of long-term assets and other investments.