What is meant by "common language"? How does common language help professionals manage quantities of data efficiently?
Fractions, ratios, and percentages are examples of common language.In effect, common language reduces difficult figures to the "common denominators" of language and ideas.Although "218 of 400 expect to travel to Alaska in the future" is somewhat easy to understand, "54.4% prefer . . ." is even easier, and "one out of two indicate a preference for traveling to Alaska" is even more understandable.
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The following items are the same for the flexible budget and the master budget except:
a. the same variable cost per unit. b. the same total fixed costs. c. the same units sold. d. the same sales price per unit.
Household purchases are recorded through electronic scanners in supermarkets for scanner volume-tracking data
Indicate whether the statement is true or false