The _____ Is the Difference Between the Highest and Lowest

question 41

Multiple Choice

The _____ is the difference between the highest and lowest scores in a list of numbers.

• A) mean
• B) median
• C) standard deviation
• D) range

---

Definitions:

Inventory Control

The supervision of non-capitalized assets (inventory) and stock items, particularly managing the quantity of stock on hand to prevent stockouts or excessive oversupply.

Petty Cash Voucher

A document used to record and authorize the payment of small, immediate expenses from a petty cash fund.

High-Cost Items

Products or services that have a significantly higher price due to their quality, complexity, or brand reputation.

Specific Identification

A method for inventory costing and valuation that tracks the cost of individual items or batches of items.