A Discrete Variable Is One That

question 16

Multiple Choice

A discrete variable is one that

• A) is kept a secret.
• B) we cannot estimate.
• C) can take on a limited number of possible values.
• D) can take on any value between - ∞ and + ∞ .

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Definitions:

Journal Entries

The records of financial transactions in the accounting system, documented in chronological order.

Voucher

A document that serves as evidence for a transaction and authorizes the payment or receipt of money.

Normal Balance

The side of an account (debit or credit) that is expected to have a higher balance based on the accounting rules.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including balance sheet, income statement, and cash flow statement.