$\text { A company reimburses its sales representatives } \$ 175 \text { per day for lodging and meals }$

question 109

Multiple Choice

$\text { A company reimburses its sales representatives } \$ 175 \text { per day for lodging and meals }$ plus $45 \&$ per mile driven. Write a linear equation giving the daily cost $C$ to the company in terms of $x$ , the number of miles driven. Round the numerical values in your answer to two decimal places, where applicable.

• A) \(C = - 1.75 x + 45\)
• B) \(C = 0.45 x + 175\)
• C) \(C = - 0.45 x - 175\)
• D) \(C = 0.45 x - 175\)
• E) \(C = 1.75 x - 45\)

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Definitions:

Securities Act

A federal law enacted in 1933 that governs the primary issuance of securities (stocks, bonds) to the public, aiming to ensure transparency and prevent fraud in the securities market.

Accredited Investors

Individuals or entities that meet certain financial criteria, allowing them to invest in securities not registered with financial authorities.

Sophisticated Investors

Individuals or entities with significant experience, assets, and knowledge, enabling them to assess investment risks and opportunities.

Securities Exchange Act

A U.S. law enacted in 1934 that governs the trading of securities, such as stocks and bonds, aimed at protecting investors and maintaining fair markets.