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

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Definitions:

Direct Materials

Materials that are directly consumed in the production of a product and are easily traceable to it.

Cost of Goods Sold

The immediate expenses related to the creation of products sold by a business, which include costs for materials and labor.

Merchandising Firm

A business that purchases goods and resells them at a profit without changing their basic form.

Manufacturing Firm

A business engaged in the industrial production of goods from raw materials through the use of labor and machinery.