The Most Common Graphical Presentation of Quantitative Data Is a

question 24

Multiple Choice

The most common graphical presentation of quantitative data is a

• A)histogram
• B)bar chart
• C)relative frequency
• D)pie chart

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Definitions:

Traditional Cost System

A cost accounting system that allocates overhead costs to products based on a predetermined rate, often using direct labor hours or machine hours as the allocation base.

Activity-based Costing

An accounting approach which attributes overheads and indirect costs to specific activities related to production, offering more precise cost information.

Limitation

A restriction or boundary that defines the scope or extent of something, such as a study or a project.

Direct Labour-based Costing System

A method of cost accounting that allocates expenses based primarily on the direct labor hours incurred in producing a product or delivering a service.