Solve the Problem. -How Many Ways Can a President, Vice-President, Secretary, and Treasurer

question 258

Multiple Choice

Solve the problem.
-How many ways can a president, vice-president, secretary, and treasurer be chosen from a club With 9 members? Assume that no member can hold more than one office.

• A) 24
• B) 3024
• C) 126
• D) 36

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Definitions:

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over another's based on their positive experience with that brand.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Economic Efficiency

A state in which resources are optimally allocated to serve each person in the best way while minimizing waste and inefficiency.

Entry Barriers

Obstacles that make it difficult for new competitors to enter a market, including high startup costs, stringent regulations, and established brand loyalty.