For Ordinal Level Variables,the Most Appropriate Measure of Central Tendency

question 46

Multiple Choice

For ordinal level variables,the most appropriate measure of central tendency is generally

• A)the mode.
• B)the median.
• C)the mean.
• D)none of the above

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Definitions:

Current Assets

Current assets refer to the resources owned by a company that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of the business.

Profits

The financial gain realized when the revenue from business activities exceeds the expenses and costs.

Financial Ratios

Calculations that compare important financial aspects of a business.

Equity

The value of an ownership interest in a business, after subtracting liabilities from assets.