You Have Been Asked to Reduce Your Department's Operating Budget

question 1368

Multiple Choice

You have been asked to reduce your department's operating budget by 20%. In order to do you will have to effect reductions in your largest budget line. You will have to make cuts in

• A) equipment.
• B) personnel.
• C) supplies.
• D) contracts.

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Definitions:

Cumulative Percent

A measure that shows the proportion of data points below a certain value, typically used in percentile rankings or distributions.

Frequency Distribution

A summary of how often each different value occurs in a dataset.

11th Grade

The third year of high school in many educational systems, typically characterized by students aged 16-17 years.

Real Upper Limits

In statistics, the value that slightly exceeds the upper boundary of a class interval in a frequency distribution, taking into account the continuity of data.