Owners Are Asked to Evaluate Their Experiences in Buying a New

question 16

Multiple Choice

Owners are asked to evaluate their experiences in buying a new car during the past twelve months.When surveys were analyzed the owners indicated they were most satisfied with their experiences at the following three dealers (in no particular order) : Saturn,Honda,and Buick. Assuming that each set of rankings is equally likely,what is the probability that
Owners ranked Saturn third?

• A)1/3
• B)1/6
• C)1/2
• D)5/6
• E)6/6

---

Definitions:

Other Comprehensive Income

Revenues, expenses, gains, and losses that are not included in net income, but instead are recorded directly to shareholders' equity.

Property Plant

Long-term tangible assets used in the operation of a business but not expected to be consumed or converted into cash in the normal course of business.

Foreign Currency

Currency used in a country other than one's own, representing the medium of exchange for international transactions.

Exchange Differences

Financial discrepancies that arise from converting transactions made in foreign currencies into the reporting currency.