What Term Is Used to Describe the Lowest Point of a Business

question 393

Multiple Choice

What term is used to describe the lowest point of a business cycle?

• A) peak
• B) trough
• C) expansion
• D) recession

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Definitions:

Lowest Score

Refers to the smallest value or number in a data set.

Range

The difference between the highest and lowest scores in a dataset.

Variability

The extent to which data points in a set differ from each other and from their average, or the degree of dispersion within the dataset.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.