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------------------ Controls Are Objective Criteria That Allow Corporate Managers to Evaluate

question 127

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Controls are objective criteria that allow corporate managers to evaluate the returns earned by individual business units.


Definitions:

Discrete Variable

A variable that can take on a countable number of distinct values and cannot take on every value within its range.

Discrete Random Variable

A variable that can take on a countable number of distinct values, often associated with experiments that have a finite set of possible outcomes.

Discrete Random Variable

A variable that assumes a countable number of distinct values, with each value associated with a certain probability.

Discrete Probability Distribution

A discrete probability distribution outlines the probabilities of outcomes for discrete random variables, where outcomes are countable.

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