Choose the One Alternative That Best Completes the Statement or Answers

question 52

Short Answer

Choose the one alternative that best completes the statement or answers the question.
-A student must answer seven questions on an exam that contains twelve questions.
a)How many ways can the student do this?
b)How many ways are there if the student must answer the first and last question?

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Definitions:

Net Working Capital Turnover

A measure of how effectively a company is using its net working capital to generate sales.

Total Fixed Assets

The cumulative value of all long-term tangible assets that a company owns and uses in its operations, and are not intended for resale within the business year.

Long-term Liabilities

Debts or obligations that are due in more than one year's time, reflecting a company's financing strategies beyond the short term.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating its short-term financial health and operational efficiency.