The Head of Accounting at Delores Inc

question 99

Multiple Choice

The head of accounting at Delores Inc.is computing a value that represents the company's financial performance for the previous year.The company made approximately $90,000 in 11 out of the 12 months.In the last month of the fiscal year,the company made $530,000.In this scenario,which measure of central tendency will be least effective as an accurate representation of financial performance?

• A)Mean
• B)Median
• C)Range
• D)Mode

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Definitions:

Standards

Preset criteria or benchmarks used to measure, compare, or judge quality, performance, or compliance.

Fully Efficient

Describes a state in which resources, including time, labor, and materials, are optimized to achieve maximum productivity and minimal waste in operations or processes.

Efficient Level

An operational state where a system or process operates at maximum capacity with the least waste of resources.

Ideal Standard

Ideal standard refers to a benchmark for perfection in manufacturing or service delivery that assumes no inefficiencies or wastage.