Use the Fundamental Counting Principle

question 106

Multiple Choice

Use the Fundamental Counting Principle
Solve the problem.
-A restaurant offers a choice of 5 salads, 9 main courses, and 4 desserts. How many possible 3-course meals are there?

• A)180 possible meals
• B)18 possible meals
• C)45 possible meals
• D)360 possible meals

Apply budgeting concepts to different business models and sectors, including manufacturing, service, and hospitality.

Analyze the financial performance of a business based on budgeted versus actual results.

Utilize budgeting to plan for profit and operational efficiency.

Understand and analyze budgeting concepts and their importance in financial planning.

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Definitions:

Annual Interest

The amount of interest due over the course of a year on a loan, deposit, or investment, typically expressed as a percentage of the principal.

Economic Cost

The total cost of choosing one action over another, including both the explicit financial cost and the opportunity cost.

Hourly Wage

Compensation paid to employees based on the number of hours worked, typically expressed as an amount of money per hour.

Parking

The act of stopping and disengaging a vehicle and leaving it unoccupied.