What Are the Three Essential Characteristics of Experimentation

question 218

Multiple Choice

What are the three essential characteristics of experimentation?

• A) measure one variable,measure another variable,and examine the correlation between the two variables
• B) manipulate one variable,measure another variable,and attempt to control other factors
• C) manipulate one variable,manipulate another variable,and examine the correlation between the two
• D) manipulate one variable,manipulate another variable,and attempt to control all other factors

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Definitions:

Operating Assets

Assets that are used for the day-to-day operations of a business, contributing to its ability to generate revenue.

Return On Investment

A measure of the financial gain or loss on an investment relative to the amount of money invested, usually expressed as a percentage.

Contribution Margin Ratio

The ratio of contribution margin (sales minus variable costs) to sales revenue, indicating the percentage of each sales dollar available to cover fixed costs and profit.

Fixed Expenses

Expenses that remain the same regardless of the level of production or sales activities.