Critical Thinking Questions

question 207

Short Answer

Critical Thinking Questions
Case 1-2
You are a 7th grade science teacher. You are in the process of creating a simple worksheet to keep track of the test grades for your class. The accompanying figure is the worksheet that you have created so far.
Which of the following is NOT a valid formula for use in cell B13 for finding the average of the test?
a. =(B4+B5+B6+B7+B8+B9+B10+B11)/8
b. =SUM(B4:B11)/8
c. =(B4+B5+B6+B7+B8+B9+B10+B11)/COUNT(B4:B11)
d. =AVG(B4:B11)

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Definitions:

Proprietor's Income

Income earned by the owners of unincorporated businesses, reflecting their compensation for services provided.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business.

Corporation

A legal entity distinct from its owners that can own assets, incur liabilities, and sell stocks to raise capital.

Partnership

A legal form of business operation between two or more individuals who share management and profits.