At a Certain Restaurant, One Out of Every 7 Customers

question 40

Multiple Choice

At a certain restaurant, one out of every 7 customers orders a hamburger. If the restaurant has 126 customers in one day, how many hamburgers will they sell?

• A) 20 hamburgers
• B) 18 hamburgers
• C) 19 hamburgers
• D) 17 hamburgers

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Definitions:

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the goal of maximization of shareholder wealth.

Capital Markets

Financial markets for buying and selling equity and debt instruments, which channel savings and investment between suppliers of capital and users of capital.

Large Sums

Large sums typically refer to a significantly high amount of money in various financial contexts, including investments, transactions, or savings.

Mutually Exclusive Projects

In capital budgeting, projects that automatically exclude one another. Projects are mutually exclusive either because they’re different approaches to doing the same thing or because limited resources preclude doing more than one.