Routine physical examinations are conducted annually as part of a health
service program for the employees. It was discovered that 8% of the
employees needed corrective shoes, 15% needed major dental work and
3% needed both corrective shoes and major dental work. What is the
probability that an employee selected at random will need either corrective
shoes or major dental work?
a) 0.20
b) 0.25
c) 0.50
d) 1.00
e) None of the above ------CORRECT ANSWER---------------A
Sessler Manufacturers made two announcements concerning its common
stock today. First, the company announced that the next annual dividend
will be $1.75 a share. Secondly, all dividends after that will decrease by 1.5
percent annually. What is the maximum amount you should pay to
purchase a share of this stock today if you require a 14 percent rate of
return?
a) $11.29
b) $12.64
c) $13.27
d) $14.00
e) $14.21 ------CORRECT ANSWER---------------A
,In ___________, provincial governments play a substantial role in trade
and investment regulation
a) China
b) Norway
c) Indonesia
d) Canada ------CORRECT ANSWER---------------D
Douglass Interiors is considering two mutually exclusive projects and have
determined that the crossover rate for these projects is 11.7 percent.
Project A has an internal rate of return (IRR) of 15.3 percent and Project B
has an IRR of 16.5 percent. Given this information, which one of the
following statements is correct?
a) Project A should be accepted as its IRR is closer to the crossover point
than is Project B's IRR.
b) Project B should be accepted as it has the higher IRR.
c) Both projects should be accepted as both of the project's IRRs exceed
the crossover rate.
d) Neither project should be accepted since both of the project's IRRs
exceed the crossover rate.
e) You cannot determine which project should be accepted given the
information provided. ------CORRECT ANSWER---------------E
, There are 10 rolls of film in a box and 3 are defective. Two rolls are to be
selected without replacement. What is the probability of selecting a
defective roll followed by another defective roll?
a) 1/2, or 0.50
b) 1/4, or 0.25
c) 1/120, or about 0.0083
d) 1/15, or about 0.07 ------CORRECT ANSWER---------------D
The process of collecting information about the external marketing
environment is called:
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