Use the Following to Answer the Question(s) Below

question 39

Multiple Choice

Use the following to answer the question(s) below.
A survey of investors finds that 60% use a full service brokerage firm to invest in stocks, 30% trade stocks online and 24% do both.
-What is the probability that an investor selected at random neither uses a full service brokerage firm to invest in stocks nor trades online is

• A) 90%
• B) 66%
• C) 34%
• D) 10%
• E) 60%

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Definitions:

Executory Costs

Refers to the expenses incurred in executing a contract, often related to leasing agreements, such as insurance, maintenance, and property taxes.

Operating Expenses

Costs associated with the day-to-day functions of a business, not including the cost of goods sold but typically covering administrative, sales, and general expenses.

GAAP

Generally Accepted Accounting Principles; a framework of accounting standards, rules, and procedures defined by the professional accounting industry in a specific country.

Capitalize

The process of recording an expenditure as an asset, rather than an expense, thereby spreading the cost over its useful life.