Calculate the Range of the Following Raw Responses: 2, 3

question 41

Multiple Choice

Calculate the range of the following raw responses: 2, 3, 3, 4, 5, 5, 6, 6, 6, 7, and 8.

• A) 4
• B) 5
• C) 8
• D) 6
• E) 7

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Definitions:

Administrative Expenses

Costs associated with the general administration of a business, including office supplies and salaries of non-production staff.

Planning Budget

A forecast of revenue, expenses, and cash flow used by organizations to plan for the upcoming period.

Occupancy Expenses

Costs related to occupying a physical space, such as rent, utilities, and property taxes.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity level, allowing better analysis and control over performance.