How Many Ways Can We Choose Three Items at Random

question 90

Multiple Choice

How many ways can we choose three items at random without replacement from five items (A, B, C, D, E) if the order of the selected items is not important?

• A)60
• B)120
• C)10
• D)24

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Definitions:

Cost of Goods Sold

The direct expenses related to the production of goods sold by a company, including materials and labor costs.

Intra-entity Transfer

Transactions that occur between divisions or units within the same company, often involving the transfer of goods or services.

Depreciable Asset

An asset that loses value over time or with use and for which depreciation can be accounted to spread the cost over its useful life.

Transfer Price

The price at which goods and services are sold between divisions within the same company or between subsidiaries of the same parent company.