The Variable That Is Presumed to cause changes in Another

question 4

Multiple Choice

The variable that is presumed to cause changes in another variable is called a(n) :

• A) Categorical variable
• B) Dependent variable
• C) Independent variable
• D) Intervening variable

---

Definitions:

Inventory Value

The total cost or market value of all the goods and products held by a company intended for sale.

Cost

The amount of money or resources expended in order to acquire an asset or carry out a specific activity.

Market

A public place or an institution where goods, securities, commodities, or services are traded.

LIFO Method

An inventory valuation method called "Last In, First Out" where the most recently produced items are recorded as sold first.