Big 11.11 Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

IOP's quality control department has developed a test that has a 98% probability of classifying a non-defective item correctly and a 2% probability of classifying a non-defective item as defective.

The same test has a 95% probability of classifying a defective item correctly and a 5% probability of classifying a defective item as non-defective.

Calculate the proportion of IOP's output that will be classified as non-defective by the quality control department's test.

Give your answer to one decimal place.

Options:

Buy Now

Question 2

Which of the following is the ideal basis to use for a transfer price when there is a perfect external market?

Options:

Actual variable cost

Market price

Standard variable cost

Full cost plus

Question 3

Which TWO of the following expressions are correct?

Options:

1 + money rate = (1 + real rate) x (1 + inflation rate)

1 + real rate = (1 + money rate) / (1 + inflation rate)

1 + real rate = (1 + inflation rate) / (1 + money rate)

1 + money rate = (1 + inflation rate) / (1 + real rate)

1 + inflation rate = (1 + money rate) x (1 + real rate)

Get Free P2 Questions and Answers

Big 11.11 Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

P2 Exam Dumps : Advanced Management Accounting

CIMA Related Exams

Verified By IT Certified Experts

CertsTopics.com Certified Safe Files

Up-To-Date Exam Study Material

99.5% High Success Pass Rate

100% Accurate Answers

Instant Downloads

Exam Questions And Answers PDF

Try Demo Before You Buy

Advanced Management Accounting Questions and Answers

Options:

Answer:

Options:

Answer:

Options:

Answer:

CompTIA

Fortinet

Microsoft

Salesforce