Quantitative Data Refers to Data Obtained with A(n)

question 44

Multiple Choice

Quantitative data refers to data obtained with a(n)

• A)ordinal scale
• B)nominal scale
• C)either interval or ratio scale
• D)only interval scale

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Definitions:

Planned Variable Costs

The forecasted variable expenses that change in proportion to the activity of a business.

Budgeted Activity Level

An estimate of the amount of production, sales, or other activity for a particular period, used for budgeting and planning processes.

Static Budget

A fixed budget that does not change or adjust in response to variations in business activity levels throughout the budget period.

Variable Overhead Costs

Expenses related to the indirect costs of production that vary with the level of output.