Which of the Following Measures Is a Very Good Index

question 78

Multiple Choice

Which of the following measures is a very good index of the degree of dispersion?

• A) Variance
• B) Range
• C) Standard deviation
• D) Mean squared deviation

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Definitions:

Unmodified Opinion

An auditor's report that concludes the financial statements of an entity are fairly and appropriately presented, without any identified exceptions.

Unusual Items

Refers to uncommon or rare transactions that are not expected to occur frequently within the normal course of business.

Accounting Principles

Fundamental guidelines or rules that form the basis for accounting practices, such as relevance, reliability, comparability, and consistency.

Quick Ratio

A liquidity measure that indicates a company's ability to cover its short-term liabilities with its most liquid assets.