The Spread or Dispersion of a Set of Data Is

question 40

Multiple Choice

The spread or dispersion of a set of data is called

• A) range
• B) coefficient of variation
• C) measures of variation
• D) mean absolute deviation

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Definitions:

Suboptimal Decisions

Choices or decisions made that are not the best possible ones, often resulting in less efficient or effective outcomes than could have been achieved.

Decentralisation

The distribution of decision-making power and operational responsibilities away from a central authority to lower levels in an organization.

Responsibility Accounting

An accounting system that collects, summarizes, and reports financial information related to the responsibilities of individual managers or departments.

Goal Congruence

The alignment of individual objectives and actions with the overall goals and objectives of an organization.