How Is the Color-Coding of Quantitative Data Commonly Called

question 28

Multiple Choice

How is the color-coding of quantitative data commonly called?

• A) Heatmap
• B) Rainbow
• C) Scaling
• D) Hot & Cold

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Definitions:

Actual Outputs

The real, measurable production or work results achieved by a company or an individual, often compared to planned or expected outputs.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for more accurate financial planning.

Variable Costs

Expenses that change in proportion to the activity of a business.

Fixed Overheads

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance costs.