The probability of drawing an "ace" from a thoroughly shuffled deck of playing cards is one-thirteenth (there are 4 aces out of 52 cards). This type of probability is known as:
(a) subjective probability
(b) objective risk
(c) chance of loss
(d) objective probability
Ans: (d) objective probability
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Which of the following statements is true regarding moods?
A) Moods are more intense feelings than emotions. B) Moods don't last longer than emotions. C) Moods are more action oriented in nature, as compared to emotions. D) Moods are less cognitive in nature than emotions. E) Moods are generally not indicated by distinct facial expressions.
The balance sheet for Ramon Company is given below:
Cash $242 Accounts Receivable 194 Inventory 450 Prepaid Insurance 76 Fixed Assets 390 Accumulated Depreciation (228) Total Assets $1,124 Accounts payable $152 Wages payable 32 Notes payable 420 Paid-in capital 160 Retained earnings 360 Total liabilities and stockholders' equity $1,124 If a common-size balance sheet was prepared, what would Ramon Company report for inventory? A) 13.5% B) 25.2% C) 34.5% D) 40.0%