Peter Applied to an Accounting Firm and a Consulting Firm

question 110

Multiple Choice

Peter applied to an accounting firm and a consulting firm. He knows that 30% of similarly qualified applicants receive job offers from the accounting firm, while only 20% of similarly qualified applicants receive job offers from the consulting firm. Assume that receiving an offer from one firm is independent of receiving an offer from the other. What is the probability that both firms offer Peter a job?

• A) 0.05
• B) 0.06
• C) 0.44
• D) 0.50

---

Definitions:

Vulnerabilities

Weaknesses or flaws in a system that can be exploited by threats to gain unauthorized access or cause harm.

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information in a bank statement.

Bank Service Charge

Fees charged by banks for maintaining accounts, handling transactions, or providing other services to customers.

Bank Statement Adjustment

A correction made to a bank statement balance to account for discrepancies between the bank's and the company's records.