The Appropriate Descriptive Measures for a Nominal Scale Are

question 8

Multiple Choice

The appropriate descriptive measures for a nominal scale are:

• A) mean and standard deviation.
• B) mode and frequency distribution.
• C) median and range.
• D) median and percentile.

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Definitions:

Disclosure

The act of making financial information known to the public, typically through financial statements and other official reports, ensuring transparency and accountability.

Unrealised Profits

Earnings generated on paper from investments or sales yet to be finalized through actual transaction or cash exchange.

Joint Venture Investment Account

An account that records the initial and ongoing financial contributions made by the partners of a joint venture, adjusted for their share of profits, losses, and distributions.

Transfer of Assets

The act of moving resources or property from one entity to another, which may involve financial, physical, or intangible assets.