Missing Responses Represent Values of a Variable That Are Unknown,either

question 9

True/False

Missing responses represent values of a variable that are unknown,either because respondents provided ambiguous answers or their answers were not properly recorded.

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Definitions:

Budgeting

Constructing a scheme to allocate your funds, specifying forthcoming financial ambitions and the tactics to achieve these goals.

Client-visits

The number of times clients visit a business or service center, often used as a metric in customer service and sales industries.

Activity Variance

The difference between the budgeted amount of activity (like hours or units) and the actual amount achieved.

Budgeting

The process of creating a plan to spend your money, allowing for the allocation of funds to various areas.