A Bank Provides Four Sequential Services to Its Customers

question 88

Multiple Choice

A bank provides four sequential services to its customers. Over the last quarter, the reliability of each of these services was 92%, 97%, 95%, and 90%. What is their overall reliability?

• A) 0.9700
• B) 0.9350
• C) 0.7630
• D) 0.7400

Recognize the concepts related to finance in business including obtaining and effectively using money.

Differentiate between businesses and nonprofit organizations in terms of goals and functions.

Understand the factors within an organization's control that impact its operation.

Comprehend different economic systems and their impact on business operations.

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Definitions:

Nitrogen Fixation

The chemical processes by which atmospheric nitrogen is assimilated into organic compounds, especially by certain microorganisms as part of the nitrogen cycle.

Earth's Seasons

Periods throughout the year characterized by changes in weather, ecology, and hours of daylight, resulting from the earth’s tilt and orbit around the sun.

Earth's Tilt

The angle between Earth's rotational axis and its orbital plane around the Sun, which significantly influences seasonal variations in climate.

Orbit

The path followed by an object revolving around another object or the cavity in the skull in which the eye and its appendages are situated.