Which of the Following Is Least Likely to Be a Cost

question 30

Multiple Choice

Which of the following is least likely to be a cost objective?

• A)Salaries such as those in the accounting and personnel departments
• B)Individual products such as spades and mowers
• C)Product lines such as loans and estate plans
• D)Departments such as assembly and finishing

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Definitions:

Coverage Error

The error that occurs when the sample does not adequately represent the population being studied, often due to undercoverage or overcoverage.

Statistical Inference

The process of using data analysis to deduce properties of an underlying distribution of probability.

Huge Data

A colloquial term likely referring to "Big Data," which describes extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations.

Big Data

Large volumes of data - both structured and unstructured - that inundate a business on a day-to-day basis.