Which of the following is not a mode of acquiring an asset for a company?
a. Acquiring internally via the production process
b. Acquire from a vendor using the purchasing process
c. Acquire from a vendor without using the purchasing process
d. Selling equipment
e. Acquiring without a vendor
Answer: d. Selling equipment
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If the loss ratio on a line of insurance is 70 percent and loss adjustment expenses are 33 percent, then the line is profitable before dividends if the ratio of
A. commissions and other expenses are 15 percent and investment yields are 10 percent. B. commissions and other expenses are 5 percent and investment yields are 6 percent. C. commissions and other expenses are 16 percent and investment yields are 20 percent D. commissions and other expenses are 15 percent and investment yields are 12 percent. E. commissions and other expenses are 6 percent and investment yields are 4 percent.
What is the likelihood that the project takes longer than 21 days to complete?
A) 0.83 B) 0.24 C) 0.43 D) 0.16