A Summary Measure That Is Computed to Describe a Characteristic

question 29

Multiple Choice

A summary measure that is computed to describe a characteristic from only a sample of the population is called

• A)an ordered array.
• B)a summary table.
• C)a statistic.
• D)a parameter.

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Definitions:

Accounting Principle

Guidelines and rules that govern the accounting process, ensuring accuracy and consistency in financial reporting.

Continuing Operations

The segments of a business that are expected to continue to operate into the foreseeable future, distinguishing from any discontinued operations.

Cumulative Effect

The total impact of a series of financial transactions or accounting adjustments within a specified period.

Return on Stockholders' Equity

A measure of financial performance calculated by dividing net income by shareholder equity, indicating how effectively a company uses investor funds.