In Business, Statistics Might Be Used for Which of the Following

question 77

Multiple Choice

In business, statistics might be used for which of the following:

• A) to budget for future spending and expenses
• B) to help improve or increase sales
• C) all are appropriate uses of statistics in business
• D) to gather information about customers

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Definitions:

Residual Profits

Profits remaining after all costs, including capital costs such as interest on loan capital and equity capital, have been deducted.

Common Stock

Represents ownership shares in a corporation, granting holders voting rights and a share in the company's profits via dividends.

Lease Residual

The estimated value of a leased asset at the end of the lease term, important for setting lease payments and determining buyout options.