The person can dress in 630 different ways according to permutation and combination.
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What is permutation and combination?</u></h3>
- Subsets of a set can be created in two separate ways: combination and permutation. The subset's components can be listed in any order when combined. The components of the subset are listed in a permutation in a certain order.
- There are only a finite number of permutations and combinations for each data set. They can therefore be used to calculate the probability of complex events.
- The number of possible permutations increases and the likelihood that a particular permutation will occur decreases as a set's elements increase.
First, The person has to decide on pants. So, he has 5 choices. And for each pant, the person has 7 shirts, 6 ties and 3 pair of shoes as choice. So, 5*7*6*3 = 630.
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Answer:
The correct answer is the option C: The household demand for labor equals the industry supply of labor
Explanation:
To begin with, when it comes to the microeconomics theory the market of labor is considered to be as a factor of production market and from that point of view the labor is demanded by the companies to the households who are the ones who offered the labor due to the fact that the workers are the one who put their force to disposition of the companies. And that is why that it would be inconsistent to say that the household demand for labor will equals the industry supply of labor, because it is all the way around, the household supply of labor will equals the industry demand of it.
Answer:
A and C
Explanation:
Construction of custom homes and
Manufacturing of heavy-duty machinery would most likely make use of job order costing.
Job Order Costing is useful for allocating costs based on a specific job order. It is a system that assigns and accumulates what it costs to manufacture an individual unit of output.
manufacturing businesses that use this system are clothing factories, food companies, air craft manufacturing companies.
service businesses that use the system include movie producers, accounting firms, law firms, hospitals etc.
Answer:
B. Consumers
Explanation:
In business, consumers are the most vulnerable groups. Governments have enacted fraud laws to safeguard the rights of consumers. As enterprises seek profits, the laws seek to hold sellers accountable for the products or services they provide.
The laws provide mechanisms for consumers to fight back against abusive business practices. If unchecked, sellers may take advantage of consumers' ignorance and low bargaining power.
