Which Principle of Counting States That There Must Be a Single

question 54

Multiple Choice

Which principle of counting states that there must be a single number name for each item counted?

• A) the one-to-one principle
• B) the stable-order principle
• C) the habituation principle
• D) the cardinality principle

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Definitions:

Market Price

The ongoing market value at which one can buy or sell an asset or service.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest payments based on current earnings.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Income Statement

A financial statement that shows a company’s revenues, expenses, and net income over a specified period of time, demonstrating the company's financial performance.