State Whether the Variable Is Discrete or Continuous

question 55

Multiple Choice

State whether the variable is discrete or continuous. The number of cups of coffee sold in a cafeteria during lunch

• A)discrete
• B)continuous

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Definitions:

Liabilities

Obligations owed by a company to parties external to the business, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Assets

Resources owned by a company that have economic value and can provide future benefits, including cash, property, and equipment.

Financial Statements

These are written records that convey the business activities and the financial performance of a company, including the balance sheet, income statement, and cash flow statement.

Statement

A formal record that summarizes financial activities or conditions, such as an income statement, balance sheet, or cash flow statement.