As a General Rule to Follow to Determine Which of the Different

question 81

Multiple Choice

As a general rule to follow to determine which of the different measures of location to use,if the variable is measured on a nominal scale,________ is the appropriate measure of central tendency that should be used.

• A) range
• B) mode
• C) mean
• D) median

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Definitions:

Exchange Rates

The value of one currency for the purpose of conversion to another.

Inventory Purchase

The acquisition of goods and materials a company intends to sell or use in the production process.

Amount Record

The documentation of the monetary value of transactions or balances.

Settlement Date

The date on which a trade of financial instruments is finalized, with the transfer of securities and funds between parties.