A True/false Test Consists of Six Questions

question 38

Multiple Choice

A true/false test consists of six questions. If you guess the answer to each question,what is the probability of getting all six questions correct?

• A)0
• B)0.016
• C)0.062
• D)0.250

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Definitions:

Direct Material

Represents raw materials that can be directly attributed to the production of specific goods, directly affecting the finished product's cost and quality.

Units

A measure or quantity used as a standard of measurement for expressing amounts, especially in the context of production or inventory.

Materials Price Variance

The financial difference between the actual cost of materials and the expected (standard) cost, indicating cost management efficiency.

Direct Material

Materials that can be directly associated with the production of goods, directly entering into and being a significant component of the finished product.