If Your Numbers in a Technical Report Are Approximate, What

question 52

Multiple Choice

If your numbers in a technical report are approximate, what should you do?

• A) Just use your numbers as they are; let the reader do their own due diligence.
• B) Clearly indicate that you are providing an approximation by using modifiers such as "approximately," "around," or "roughly."
• C) Place a statement in the summary indicating that all numbers are approximate.
• D) Place a statement in an appendix indicating that all numbers are approximate.

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Definitions:

Balanced Budget

When federal tax receipts equal federal government spending.

Constitutional Amendment

A formal change or addition proposed and ratified according to the procedures specified in a constitution, altering the document's framework or principles.

Recessionary Gap

The difference between the actual output of an economy and its potential output if all resources were employed at their maximum efficiency during a recession.

Equilibrium GDP

The level of gross domestic product at which aggregate supply equals aggregate demand, indicating a balance in the economy without any external pressures to change.