Data Measured a Nominal Scale

question 3

Multiple Choice

Data measured a nominal scale

• A) must be alphabetic.
• B) can be either numeric or nonnumeric.
• C) must be numeric.
• D) must rank order the data.

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Definitions:

Direct Materials Quantity Variance

The variance between the real amount of materials consumed in production and the anticipated standard amount, multiplied by the cost per unit according to standards.

Direct Materials

Raw materials that can be directly attributed to the production of specific goods or services in a manufacturing process.

Variance Reports

Financial analyses that compare actual performance against planned or budgeted performance.

Form Content

Refers to the specific subject matter covered by a document or form, detailing the various elements and information it encompasses.