Which of the Following Is NOT True About the Mean

question 2

Multiple Choice

Which of the following is NOT true about the mean?

• A) Mean is the most frequently used average
• B) It is the sum of the scores divided by the number of scores
• C) Mean is the balance point in a distribution of scores
• D) Mean measures the deviations of each score
• E) It is the point around which all the deviations sum to zero

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Definitions:

Amortization

The process of gradually writing off the initial cost of an intangible asset over its useful life.

Face Value

The original cost of a security as stated on the certificate. It is the amount repaid to the holder at maturity but not necessarily its current market value.

Intra-Entity Inventory Transfers

Transactions involving the transfer of inventory between departments or units within the same company.

Consolidation Worksheet

An instrument utilized for compiling consolidated financial reports, which facilitates the integration of financial data from a parent company and its subsidiary entities.