Which Measure of Central Tendency Can Be Used for Both

question 55

Multiple Choice

Which measure of central tendency can be used for both numerical and categorical variables?

• A)Arithmetic mean.
• B)Median.
• C)Mode.
• D)Geometric mean.

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Definitions:

Period Costs

Period costs are expenses that are not directly tied to the production process and are expensed in the period they are incurred, such as selling, general, and administrative expenses.

Financial Reporting

The communication of financial information and data about a company's operations, financial position, and cash flows to external users.

Manufacturing Overhead Cost

Indirect factory-related costs that are incurred when producing a product, such as utilities, depreciation, and maintenance.

Variable Cost Per Unit

The cost, which varies with the level of output, of producing one unit of a product.