Solve the Problem. -How Many Arrangements of Answers Are Possible in a Multiple-Choice

question 23

Multiple Choice

Solve the problem.
-How many arrangements of answers are possible in a multiple-choice test with 7 questions, each of which has 3 possible answers?

• A) 35
• B) 840
• C) 2187
• D) 210

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Definitions:

Accounting Statements

Financial documents that summarize the financial status and performance of a company, including the balance sheet, income statement, and cash flow statement.

Corporate Income Tax

A tax imposed on the net income or profit of corporations, calculated as a percentage of their earnings.

Working Capital

The gap between a business's present assets versus its current debts, showcasing the liquid funds for operational needs.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets, calculated as current assets divided by current liabilities.