Suppose That 100 Students Were Given a Biology Exam and a Chemistry

question 9

Multiple Choice

Suppose that 100 students were given a biology exam and a chemistry exam. Assume that 36 passed the biology exam but not the chemistry exam, 25 passed the chemistry exam but not the biology exam, and 15 passed neither exam. How many passed the chemistry exam?

• A)25
• B)64
• C)49
• D)24

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Definitions:

Long-term Debt

Borrowings and financial obligations that are due for repayment beyond the period of one year.

Current Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its current assets by comparing its net sales to its current assets.

Accounts Receivable

Money owed to a company by customers for goods or services that have been delivered or used but not yet paid for.

Inventory Management

The supervision of non-capitalized assets (inventory) and stock items, including ordering, storing, and utilizing a company's inventory.