The Howey test for defining a security is based on three elements or characteristics: a) a common enterprise; b) a reasonable expectation of profit; and c) profits derived exclusively from one's own efforts

Which of the following statements about emergency and breakdown maintenance is true?

a. an effective maintenance management system greatly reduces the need for emergency maintenance b. Even the best ongoing maintenance possible will not eliminate all emergency maintenance b. even the best ongoing maintenance possible will not eliminate all emergency maintenance needs c. Emergency and breakdown maintenance tends to be quiet costly d. All of the above

Repetition of previously experienced material in training sessions is a waste of time

Indicate whether the statement is true or false