Which Measure(s) of Central Tendency Can Be Applied to Nominal

question 10

Multiple Choice

Which measure(s) of central tendency can be applied to nominal data?

• A)the mean
• B)the median
• C)the mode
• D)both a and b

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Definitions:

Loss

A financial situation in which total costs exceed total revenues, leading to a negative net income.

Indirect Method

A cash flow reporting technique that starts with net income and adjusts for cash-based transactions.

Operating Activities

Business activities related directly to the production, sale, and delivery of a company's products or services, often reflected in its cash flow.

Fixed Asset

Long-term tangible assets held for business use and not expected to be converted to cash in the coming fiscal year, such as buildings, machinery, and equipment.