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Which of the Following Operations Is Meaningful for Processing Ordinal

question 45

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Which of the following operations is meaningful for processing ordinal data, but is meaningless for processing nominal data?


Definitions:

Budgeting Formulas

Mathematical expressions or equations used to forecast and manage financial resources by estimating incomes and expenditures.

Selling and Administrative Expenses

Costs incurred by a business that are not directly related to the production of goods or services, such as sales personnel salaries, advertising, and office supplies.

Units

A measure of quantity, such as a piece, item, or standard measurement, used to quantify inventory, production levels, or sales volumes.

Planning Budget

A financial plan that estimates income and expenditures over a specified future period, often used for strategic planning.

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