Which Average Is Appropriate for Nominal Data

question 12

Multiple Choice

Which average is appropriate for nominal data?

• A) Mean
• B) Median
• C) Mode

Recognize the significance of exclusive territories and how they affect franchise operations.

Understand the key considerations and questions a potential buyer should explore before purchasing a franchise.

Identify the role and functions of the American Franchisee Association.

Analyze the evolution of disclosure statements in franchising regarding their complexity and language.

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Definitions:

Work Expected

The anticipated amount of work or output that is expected from a process, project, or employee within a given timeframe.

Employee

An individual who works part-time or full-time under a contract of employment, providing labor to an employer in return for wages or salary.

Management Functions

Activities such as planning, organizing, leading, and controlling that are performed by management to efficiently and effectively coordinate the work of an organization.

Planning

The process of making plans for something, including setting goals and determining the means to achieve them.