If Eleven Basketball Teams Are in a Tournament, Find the Number

question 68

Multiple Choice

If eleven basketball teams are in a tournament, find the number of different ways that first, second, and third place can be decided, assuming ties are not allowed.

• A)17,160
• B)6
• C)1,320
• D)11,880
• E)132

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Definitions:

Merchandise Inventory

Goods or products that a company holds with the intention of selling them to customers as part of its business operations.

Selling Expenses

Costs incurred directly and indirectly from selling a product or service, including sales commissions, advertising, promotional materials, and the salaries of sales staff.

Budgeted Net Income

The estimated net income a company expects to earn over a specific period, as outlined in its budget.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used to assess whether a company has sufficient cash to fulfill its operations and obligations.