Distinguish Between Permutation Problems and Combination Problems

question 55

Multiple Choice

Distinguish Between Permutation Problems and Combination Problems
-A club elects a president, vice-president, and secretary-treasurer. How many sets of officers are possible if there are 11 members and any member can be elected to each position? No person can hold more than one office.

• A) permutations
• B) combinations

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Definitions:

Statement Of Cash Flows

A financial statement that highlights the major activities that impact cash flows and, hence, affect the overall cash balance.

Operating Activities

These involve the primary day-to-day activities of a business, such as sales and the purchase of goods or services, which are reflected in its cash flow.

Comparative Balance Sheet

A financial statement that presents the financial position of a company at two or more different points in time, allowing for analysis of trends in assets, liabilities, and equity.

Net Income

Net Income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.