Arithmetic Operations Are Inappropriate for

question 11

Multiple Choice

Arithmetic operations are inappropriate for

• A) categorical data.
• B) quantitative data.
• C) both categorical and quantitative data.
• D) large data sets.

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Definitions:

Sum Certain

A specified amount agreed upon within a contract that is clear and not subject to change.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on-demand or at a set time.

Payable on Demand

A financial term indicating that a debt or other financial obligation is due for payment immediately or whenever the creditor requests it.

Time of Payment

The specific period or date by which payment for goods or services is due or expected.