A Product Consists of Three Components Arranged as Follows

question 46

Multiple Choice

A product consists of three components arranged as follows:
11ea8b1d_203c_5a14_b2e9_89d903b56fbb_TB5643_11 11ea8b1d_203c_5a13_b2e9_57e3d6fc583c_TB5643_11

If all three components must function for the product to function then the product's overall reliability is approximately

• A)0.812
• B)0.90
• C)0.933
• D)0.95

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Definitions:

Revenues Recognized

Income that a company has earned during a period but which is recorded in the financial statements according to accounting principles.

Proprietary Fund Types

Funds used by a government to account for activities similar to those found in the private sector, where the determination of net income is necessary or useful.

Fund Financial Statements

Financial reports specifically prepared to show the financial position and results of operations for governmental funds and non-profit organizations.

Special Revenue Fund

A fund used by governments to account for revenue sources that are restricted or committed to expenditure for specified purposes other than debt service or capital projects.