A True/false Test Consists of Six Questions

question 38

Multiple Choice

A true/false test consists of six questions. If you guess the answer to each question,what is the probability of getting all six questions correct?

• A)0
• B)0.016
• C)0.062
• D)0.250

---

Definitions:

Sales Price

The sales price is the amount a customer pays for a product or service, determining the revenue generated from sales transactions.

Production Cost

Total expense incurred in manufacturing a product, which includes direct materials, direct labor, and factory overhead.

Variable Selling Costs

Expenses that vary directly with the volume of sales, including commissions and shipping fees.

Variable Production Costs

Expenses that fluctuate in direct proportion to production volume, like labor and materials.