Each of the Following Is an Example of Aggregate Data

question 65

Multiple Choice

Each of the following is an example of aggregate data EXCEPT

• A) 120 live births
• B) Product of conception weighed 1005g
• C) Postoperative infection rate = 1.37%
• D) 11,522 inpatient service days

Appreciate the importance of contingency funds in risk management.

Distinguish between project risk and organizational risk.

Recognize the need for risk management practices throughout all project phases including initiation, planning, execution, and closeout.

Understand the concept of mean and its adjustment in response to changes in data.

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.

Monetary Unit Assumption

An accounting principle that assumes transactions and events can be expressed in monetary units.

Dollar Amounts

Units of currency used in financial transactions or accounting to represent values or costs.

Fair Value

The value that could be gained from the sale of an asset or the expense of transferring a liability, in a regulated transaction among market players on the date of assessment.