Characteristics and Features of the Canadian Population Are Collected Every

question 47

Multiple Choice

Characteristics and features of the Canadian population are collected every five years via Statistics Canada. This information is very useful for understanding current and future policy surrounding pension, retirement planning, and pension reform. Which form of research helped to reveal these findings?

• A)descriptive
• B)exploratory
• C) explanatory
• D) deductive

---

Definitions:

Unit Product Cost

The total cost (both fixed and variable) incurred to produce, store, and sell one unit of a product.

Variable Costing

An accounting method that only considers variable costs for product costing, excluding fixed overheads.

Net Operating Income

Net operating income is the total profit a company generates from its operations, excluding taxes and interest, highlighting operational efficiency.

Absorption Costing

An accounting tactic where the entirety of manufacturing costs—direct materials, direct labor, and manufacturing overhead, both variable and fixed—are included in calculating a product’s cost.