Suppose You Tell a Story to Two of Your Friends

question 61

Multiple Choice

Suppose you tell a story to two of your friends. Some people repeat the story to two others, and in turn some of these pass the story on. Each time the story is told, it is told to two new people and no one hears the story twice. Sometime later, it turns out that 384 people have heard the story, but not related it to others. How many people have heard the story from others?

• A)766
• B)767
• C)768
• D)769

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Definitions:

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.

Consolidated Balance Sheet

A consolidated financial statement that displays the combined assets, liabilities, and equity of a parent company and its subsidiaries as a single entity.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Currency Exchange Rates

The price at which one country's currency can be converted into another's, important for international trade and investments.