In 2010, There Was an Interesting Lawsuit About Bagels

question 98

Multiple Choice

In 2010, there was an interesting lawsuit about bagels.A company claimed to have created a new way to recreate "Brooklyn style" bagels and then reported that another bagel producer stole its recipe.A researcher wonders if bagel sales might have been affected simply by the story making the national news, so she tracks total bagel sales in dollars for one year before and after the news story hits.What type of variable is total bagel sales?

• A) nominal
• B) ordinal
• C) scale
• D) independent

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Definitions:

Activity Variance

The difference between budgeted and actual activity levels, used in managerial accounting to monitor performance and control costs.

Net Operating Income

The income generated from normal business operations after subtracting operating expenses but before interest and taxes.

Spending Variance

The discrepancy between the budgeted or planned amount of expense and the actual amount spent, often analyzed to understand financial performance.

Materials

The raw goods and components used in the manufacturing or production process to create final products.