The _________ Is the Only Measure of Central Tendency That

question 43

Multiple Choice

The _________ is the only measure of central tendency that can be used for nominal data.

• A) mean
• B) median
• C) mode
• D) range

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Definitions:

December 31

December 31 typically refers to the last day of the year in the Gregorian calendar, often associated with year-end financial statements and tax considerations.

Balance Sheet

A financial report detailing a company's assets, liabilities, and owners' equity at a given moment, offering an overview of its financial health.

General Journal

The general journal is a comprehensive record of financial transactions, arranged in chronological order, used in an entity's double-entry bookkeeping system.

Transaction Date

The date on which a trade or a financial transaction is completed or settled.