In Order for a Frequency Distribution to Be Meaningful, the Classes

question 80

Multiple Choice

In order for a frequency distribution to be meaningful, the classes into which things are being sorted must:

• A)be limited to three
• B)be limited to five
• C)overlap with each other
• D)be chosen at random
• E)be well defined

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Definitions:

Activity-Based Costing

An accounting technique that assigns costs to units based on the activities needed to produce or deliver them, enhancing costing accuracy.

Overhead Cost

Indirect costs related to the general operation of the company, such as rent, utilities, and management salaries, not directly tied to production or sales.

Unit

A single, complete, or individual item that can be counted for inventory, production, or sales purposes.

Unit Level Activities

Activities that are performed each time a unit is produced, directly associated with production volume.