How Many Project Teams Composed of Five Students Can Be

question 104

Multiple Choice

How many project teams composed of five students can be created out of a class of 10 students, if each of the five students is assigned a specific position in each group such as president, vice president, secretary, treasurer and social coordinator?

• A) 10
• B) 50
• C) 252
• D) 30,240

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Definitions:

World Price

The global market price of a product or service, determined by worldwide conditions of supply and demand.

Importer or Exporter

A person or company that brings goods into (importer) or sells goods to other countries (exporter) as part of international trade.

Equilibrium Price

The cost at which the amount of a product or service sought after is equal to the amount available, leading to equilibrium in the market.

Equilibrium Quantity

The quantity of goods or services demanded equals the quantity supplied at the market price.