Each Salesperson in a Large Department Store Chain Is Rated

question 119

Multiple Choice

Each salesperson in a large department store chain is rated with respect to sales potential for advancement. These traits for the 500 salespeople were cross classified into the following table. What is the probability that a salesperson selected at random will have average sales ability and good potential for advancement?

• A) 0.09
• B) 0.12
• C) 0.30
• D) 0.525

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Definitions:

Operating Lease

A leasing agreement for the use of an asset, where the lessee does not assume the risk of ownership.

Benefits and Risks

An assessment of the positive outcomes (benefits) and potential negative outcomes (risks) associated with a decision or action.

Straight-Line Amortization

A method of allocating the cost of an intangible asset over its useful life in equal installment.

Interest Expense

Expenses related to an entity borrowing money throughout a specific period.