Imagine That 86,999 People Who Are Penniless Live in Centerville

question 4

Multiple Choice

Imagine that 86,999 people who are penniless live in Centerville.Bill Gates,whose net worth is $87,000,000,000 moves to Centerville.Now the mean net worth in this town is _____ and the median net worth is _____.

• A)0; 0
• B)0; $1,000,000
• C)$1,000,000; 0
• D)$1,000,000; $1,000,000

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Definitions:

Assembling Department

A section within a manufacturing facility where components are put together to form a final product.

Static Budget

A financial plan that remains unchanged over the budget period regardless of changes in operational activities or volumes.

Flexible Budget

A budget that adjusts or scales according to the volume of activity, providing a more useful tool for performance evaluation.

Direct Labor

Labor costs that are easily traced to or directly associated with specific products or services.