An Accounting Firm in Iran Has Won Two New Contracts

question 8

Multiple Choice

An accounting firm in Iran has won two new contracts. Each contract needs one accountant to work on it, but the same accountant cannot undertake both. Should the manager be concerned about combinations or permutations of staff that might undertake this work?

• A) Combinations
• B) Permutations
• C) Both are important
• D) Neither is important

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Definitions:

All-You-Can-Eat Buffet

A type of meal serving format where diners pay a fixed price to consume as much food as they desire from a variety of dishes.

Marginal Utility

The change in total satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.

Consumer View

Refers to the perspective or approach taken by consumers when assessing, purchasing, or using goods and services.

Cash Gifts

Money given to someone without any expectation of repayment, often as a form of financial support or to mark a special occasion.