In the Nobes Classification of Accounting Systems,micro-Based Accounting Systems Are

question 35

Multiple Choice

In the Nobes classification of accounting systems,micro-based accounting systems are derived from:

• A)government models.
• B)business models.
• C)tax laws.
• D)code law.

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Definitions:

Covariances

A measure that indicates the extent to which two variables change together, determining the degree of their correlation.

Expected Return

The weighted average of all possible returns for an investment, with weights being the probabilities of each outcome.

Standard Deviation

A statistical measure of the dispersion of returns for a given security or market index, indicating how much returns can deviate from the average return.

Correlation

A statistical measure indicating the degree to which two variables' movements are associated with each other, ranging from -1 (perfect negative correlation) to 1 (perfect positive correlation).