Use the Fundamental Counting Principle

question 257

Multiple Choice

Use the Fundamental Counting Principle
-A student must choose 1 of 5 science electives, 1 of 8 social studies electives, and 1 of 7 language electives. How many possible course selections are there?

• A) 280 course selections
• B) 20 course selections
• C) 40 course selections
• D) 560 course selections

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Definitions:

Current Assets

Items of value that are projected to be turned into cash, sold off, or consumed either within a year or throughout the length of the business's normal operational cycle, whichever timeframe is greater.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating its ability to meet short-term obligations.

Office Equipment

Refers to the assets purchased for use in the operation of a business, including computers, printers, and furniture.

Fixed Costs

Fixed expenses in a business are those outgoings that do not change with the amount of goods produced or sold, including costs like lease payments, wages, and repayments on borrowings.