When Organizing Data into Tables, What Is the Disadvantage of Having

question 86

Essay

When organizing data into tables, what is the disadvantage of having too many classes? What is the disadvantage of having too few classes?

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Definitions:

Liabilities

Liabilities represent debts or financial obligations that a company owes to others, which must be settled over time through the transfer of economic benefits.

Equity

The residual interest in the assets of an entity after deducting liabilities, representing ownership interest in a company.

Expenses

Financial outlays that are necessary for the operations of a business, which can include both fixed and variable costs.

Supplies

Items that are used in the operation of a business but do not directly enter into the finished product.