In a Management Trainee Program,80% of the Trainees Are Female,while

question 12

Multiple Choice

In a management trainee program,80% of the trainees are female,while 20% are male. Ninety percent of the females attended college; 78% of the males attended college. A management trainee is selected at random. What is the probability that the person selected is a female who attended college?

• A)0.20
• B)0.08
• C)0.25
• D)0.72

Identify cognitive biases and heuristics that lead to systematic errors in decision making.

Explain how functional fixedness can limit problem-solving abilities.

Recognize the impact of illusory correlations and personal biases on the perception of events and decision-making.

Understand the editing capabilities and limitations in different views (Report Layout, Form Layout) within Access.

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Definitions:

Operating

Related to the day-to-day functions and tasks involved in running a business or an organization.

Investing

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Financing Sections

Parts of financial statements or reports that detail how a company finances its operations, typically including borrowing, repaying debt, and issuing equity.

Indirect Method

A way of calculating cash flows for the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital.