Affirmative Action Commitments by Many Organizations Have Led to an Increase

question 15

Multiple Choice

Affirmative action commitments by many organizations have led to an increase in the number of women in executive positions. Satellite Office Systems has vacancies for two executives that it will fill from among four women and six men. What is the probability that at least one woman is selected?

• A)8/15
• B)3/5
• C)2/3
• D)3/4

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Definitions:

Interest Rate

The proportion, typically expressed as a percentage, at which interest is charged by lenders on loans or paid by banks on deposits.

Cash Flows

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.