Ordinary Arithmetic Operations Are Meaningful

question 21

Multiple Choice

Ordinary arithmetic operations are meaningful

• A)only with categorical data
• B)only with quantitative data
• C)either with quantitative or categorical data
• D)None of these alternatives is correct.

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Definitions:

Total Assets

The sum of all current and non-current assets owned by a company.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, highlighting a company’s profitability.

Net Income

The remaining earnings of a corporation after deducting all expenditures and tax obligations from its revenue.

Net Sales

The revenue generated from sales after deducting returns, allowances for damaged or missing goods, and discounts.