Determine Whether the Quantitative Variable Is Discrete or Continuous

question 75

Multiple Choice

Determine whether the quantitative variable is discrete or continuous.
-the age of the oldest employee in the data processing department

• A) continuous
• B) discrete

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Definitions:

Financial Reporting

The method of creating reports that reveal the financial condition of a company to its management, investors, and regulatory bodies.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.

Product Cost

The total expense involved in creating a product, including direct materials, direct labor, and manufacturing overhead.

Variable Cost

Expenses that vary directly with the amount of output or the scale of operations.