After Winning Student Government President, You Need to Appoint Your

question 33

Short Answer

After winning student government president, you need to appoint your executive cabinet consisting of the Secretary of Student Affairs, the Secretary of Athletic Affairs, the Secretary of Academic Affairs, and the Secretary of Faculty Affairs. There twelve students from which you must pick four. How many different ways can you appoint the four positions?

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Definitions:

Management Discretion

The degree of flexibility and judgement allowed to managers in making decisions and choices impacting the company's operations and performance.

FIFO

An inventory valuation method where the first items placed into inventory are the first ones sold (First In, First Out).

LIFO

Stands for Last In, First Out, an inventory valuation method which assumes that the last items placed in inventory are sold first.

Financial Statement

Documented records that outline the financial activities and condition of a business, individual, or other entity.