A Characteristic or Measure Obtained by Using All the Data

question 40

Multiple Choice

A characteristic or measure obtained by using all the data values for a specific population is called a ___________.

• A) variable
• B) mode
• C) statistic
• D) parameter

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Definitions:

Inventory

The total amount of goods and materials held by a business for the purpose of resale or production.

Non-inventory

Refers to items or services sold by a business that are not kept in inventory, such as consulting services.

Allowance Method

An accounting technique used to estimate and account for doubtful accounts receivable.

Uncollectible Accounts Expense

An expense reported on the income statement, pertaining to the debt owed to a company that is unlikely to be recovered.