In a Management Trainee Program, 80% of the Trainees Are

question 105

Multiple Choice

In a management trainee program, 80% of the trainees are female, 20% male. A total of 90% of the females attended college, while 78% of the males attended college. A management trainee is selected at random. What is the probability that the person selected is a female who did NOT attend college?

• A)0.20
• B)0.08
• C)0.25
• D)0.80

Identify transactions that affect the financial statements and how they influence specific ratios.

Understand the components and preparation of a multiple-step income statement.

Analyze the effects of sales, expenses, and transactions on net income, gross profit, and stockholders' equity.

Understand cash flow statement components and what constitutes an operating activity.

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Definitions:

Functional Theory

a theory that explains how aspects of society operate to fulfill necessary functions, maintaining social stability and equilibrium.

Attitudes

Refers to psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Utilitarian Function

The practical or useful role served by an object, system, or behavior, typically aimed at satisfying basic needs or accomplishing tasks.

Functional Theory

A theoretical perspective that explains how and why specific social, psychological, or physiological functions contribute to individual or societal stability.