Suppose You Are Given the Following Problem: "There Are Four

question 52

Multiple Choice

Suppose you are given the following problem: "There are four cards showing E, J, 2, & 5. On one side of each card is a letter, and on the other side is a number. Consider this rule: "If a card has a vowel on one side, then it has an odd number on the other side." Select the card or cards that you definitely must turn over to determine whether the rule is true or false for the four cards indicated.

• A) the E card only
• B) the E and 2 cards
• C) the E and 5 cards
• D) the J and 5 cards

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Definitions:

Sole Proprietorships

A form of business ownership with a single owner who manages the company and is responsible for all business debts.

Partnerships

Legal arrangements in which two or more parties agree to operate a business together, sharing its profits and liabilities.

Corporations

Corporations are legal entities separate from their owners, created to conduct business, can own assets, incur liabilities, and are subject to taxation.

Account Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.