Means Can Only Be Meaningfully Calculated on

question 9

Multiple Choice

Means can only be meaningfully calculated on

• A)nominal-or higher-scaled data
• B)ratio-scaled data
• C)interval-or ratio-scaled data
• D)ordinal-or higher-scaled data

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Definitions:

Profit Margin

A financial ratio that shows what percentage of sales has turned into profits, indicating the efficiency of a company's cost management.

Accounts Payable

Accounts payable are amounts a company owes its suppliers or creditors for goods or services received that have not yet been paid for.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.