A Graphical Portrayal of a Quantitative Data Set That Divides

question 18

Multiple Choice

A graphical portrayal of a quantitative data set that divides the data into classes and gives the frequency of each class is a(n) ________.

• A) ogive plot
• B) dot plot
• C) histogram
• D) Pareto chart
• E) bar chart

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Definitions:

First-In, First-Out Method

An inventory valuation method where the earliest items added to inventory are the first ones considered sold.

Equivalent Units

A measure used in process costing that converts partially completed goods into an equivalent number of fully completed units.

Production Consideration

Factors or aspects taken into account during the manufacturing process, including efficiency, cost, and quality.

Cost Reconciliation Report

A financial report that reconciles estimated costs with actual costs in manufacturing or project management.