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Statement The telephone company informed the subscribes through a notification that those who don't pay their bills by the due date will be charged penalty for every defaulting day. Assumptions I. Majority of the people may pay their bills by the due date to avoid penalty. II. The money collected as penalty may settle off the losses due to the delayed payments. III. People generally pay heed to such notices.

None is implicit
I and III are implicit
Only II is implicit
II and III are implicit

Correct Answer: I and III are implicit

Explanation:

It cannot be definitely said that for what purpose the money collected as penalty will be used. However, Assumptions I and III are in tune with the statement and hence implicit in the statement.

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