A Two- Way Table Is Useful for Summarizing and Comparing

question 1

Multiple Choice

A two- way table is useful for summarizing and comparing what?

• A)A numerical variable and categorical variable that may be related.
• B)Two categorical variables that may be related.
• C)Two numerical variables that may be related.

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Definitions:

Ties up Funds

The process of allocating capital to long-term assets or investments, which restricts its immediate availability for other uses.

Safeguard Assets

Strategies and measures implemented to protect a company's assets from theft, damage, or misuse.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency in managing stock levels.

Number of Days' Sales

A financial metric that measures how quickly a company can convert its inventory into sales.