If You Describe a Variable as Categorical, You Are Referring

question 36

Multiple Choice

If you describe a variable as categorical, you are referring to its ______________, which is a description of how values are assigned to the attribute.

• A) the codebook
• B) level of measurement
• C) central tendency
• D) variability

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Definitions:

Revenues

The cumulative sum of funds a business accrues from selling products or offering services over a specified duration.

Major Customer

A customer that represents a significant portion of a company's revenue, which if lost, could materially affect the financial health of the business.

Operating Segments

Components of a business that engage in business activities earning revenues and incurring expenses, whose operating results are regularly reviewed by the company's decision maker.

Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations before any costs or expenses are deducted.