If Input Data Are Accurate to Three Significant Digits, Then

question 33

Multiple Choice

If input data are accurate to three significant digits, then the solution results can be accurate to how many significant digits?

• A)one
• B)two
• C)three
• D)four

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Definitions:

Income-Sharing Ratio

An agreed upon proportion used to distribute profits or losses among partners in a partnership.

Limited Liability Company

A corporate model that integrates the flow-through taxation characteristic of partnerships and sole proprietorships with the protective limited liability found in corporations.

Business Entity

A legal organization created by individuals, stockholders, or shareholders, with the purpose of operating for profit.

Partnership Form

A type of business organization in which two or more individuals manage and operate the business in accordance with the terms and objectives set out in the Partnership Deed.