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The Appropriate Measure of Central Location of Ordinal Data Is

question 116

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The appropriate measure of central location of ordinal data is the:


Definitions:

Planning and Control Decisions

The process where management sets goals for the organization and decides on the actions to achieve these goals as well as monitoring the progress.

Just-In-Time Manufacturing

A production method aimed at reducing inventory costs by receiving goods only as they are needed in the production process.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.

Produces

Engages in the act of making, manufacturing, or creating goods and services for sale or distribution.

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