Employees of a Local University Have Been Classified According to Gender

question 109

Multiple Choice

Employees of a local university have been classified according to gender and job type. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Gender }$

$\begin{array} { l c c } \text { Job } & \text { Male (M) } & \text { Female (F) } \\\text { Faculty (FA) } & 110 & 10 \\\text { Salaried staff (SS) } & 30 & 50 \\\text { Hourly staff (HS) } & 60 & 40\end{array}$
If an employee is selected at random,what is the probability that the employee is a member of the faculty?

• A)0.333
• B)0.600
• C)0.550
• D)0.400
• E)0.917

Understand the impact of failing to record adjusting entries for accrued expenses and revenues on financial statements.

Familiarize with the purpose of an adjusted trial balance and its role in the accounting cycle.

Gain knowledge on the proper order of preparing financial statements and the significance of each statement.

Learn the depreciation calculation for fixed assets using the straight-line method.

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Definitions:

Ability

The capacity of an individual to perform actions or tasks effectively, based on skills, talent, or knowledge.

Willingness

The quality or state of being prepared to do something; readiness.

Ethical Mind

The ability to recognize and act upon the ethical dimensions of decisions, considering the broader impact on society and individuals.

Social Responsibility

Refers to the ethical obligation of individuals and organizations to act for the benefit of society at large.