Demographics Refer to

question 102

Multiple Choice

Demographics refer to

• A)the description of a population according to its values or cultural beliefs.
• B)an objective measurement of a person's likelihood to purchase a product or service.
• C)the psychological profile of prospective consumers.
• D)the density of a population in a geographic area.
• E)the description of a population according to selected characteristics such as age, gender, ethnicity, income, and occupation.

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Definitions:

Activity-Based Costing

An accounting approach focusing on identifying and allocating costs of specific business activities to products or services.

Equipment Depreciation

The process of allocating the cost of physical assets over their useful lives, reflecting wear and use over time.

Supervisory Expense

The costs associated with the management and oversight of employees, including salaries of supervisors.

Activity Rate

A calculation used in activity-based costing to allocate overhead costs to products or services, based on the amount of activity consumed.