The Arithmetic Average Is the Most Widely Used Measure of Central

question 48

Multiple Choice

The arithmetic average is the most widely used measure of central tendency;it is also called what?

• A)mode
• B)central tendency average
• C)median
• D)mean

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Definitions:

Asset Management

The practice of managing a company's assets to maximize their efficiency and value, including investments, real estate, and other physical assets.

Profitability

A measure of how effectively a company uses its resources to generate profit, typically expressed as a percentage or ratio.

Current Ratio

A liquidity ratio measuring a company's ability to pay short-term obligations with its current assets.

Business Assets

Resources owned by a business that have economic value and can be used to generate income or provide future benefits.