Which Type of Analysis Cannot Be Computed with Nominal Data

question 1

Multiple Choice

Which type of analysis cannot be computed with nominal data?

• A)mean
• B)mode
• C)frequency
• D)percentage

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Definitions:

Accounting Cycle

For each accounting period, the process that begins with the recording of business transactions or procedures into a journal and ends with the completion of a post-closing trial balance.

Manufacturing Company

A type of company that produces finished goods from raw materials through the use of labor and machinery.

Merchandise Company

Business that buys a product from a manufacturing company to sell to its customers.

Cost Of Goods Manufactured

The total cost incurred by a company to produce goods in a specific period, including labor, materials, and overhead expenses.