Tell Whether Permutations or Combinations Are Being Described

question 31

Multiple Choice

Tell whether permutations or combinations are being described.
-7 digits are selected (with possible repetition) to form a code for an alarm system.

• A) Combinations
• B) Permutations

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's bookkeeping system is mathematically correct.

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense. Opposite of a debit.

Ledger

A comprehensive collection of a company's accounts that records all financial transactions.

Income Statement

A financial document that reports a company's financial performance over a specific period, showing revenues, expenses, and net profit or loss.