You Have Surveyed 5 Companies and Obtained the Following Data

question 5

Multiple Choice

You have surveyed 5 companies and obtained the following data regarding the midpoints of the base pay range for the job of "benefit clerk": $32,000 (Company A) ,$31,000 (Company B) ,$30,000 (Company C) ,$29,000 (Company D) ,and $29,000 (Company E) . What is the mean for this set of data?

• A) $30,000
• B) $29,800
• C) $30,200
• D) $29,000

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Definitions:

Long-Term Operating Decisions

Strategic choices made by management concerning the long-term operations of a company, including investments in capital projects, product development, and market expansion strategies.

Activity Analysis

The study of employee effort and other business records to determine the cost of activities.

Administrative Processes

The routine activities carried out in the daily operations of an organization that support its functioning and management.

Information

Information refers to data that is organized, processed, or structured in a way that makes it meaningful and useful for decision-making, analysis, or understanding a situation.