A Survey of Online Consumers Asked Respondents to Indicate How

question 3

Multiple Choice

A survey of online consumers asked respondents to indicate how much money they spent for online purchases during the most recent Christmas holiday season.These data were analyzed to see if gender and income level influence the amount consumers spend online for holiday shopping.Which of the following statements is true?
I.This is an experimental study.
II.This is a randomized block design.
III.This is an observational study.

• A)I only
• B)II only
• C)III only
• D)Both I and III
• E)Both II and III

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Definitions:

Fixed Manufacturing Overhead

The sum of all consistent, non-variable costs associated with manufacturing, including salaries of supervisors and rent of the facility.

Job-Order Costing System

An accounting method that tracks the costs associated with producing a specific batch of products or a specific job.

Predetermined Overhead Rate

The rate used to allocate manufacturing overhead to products, calculated before the period begins based on estimated costs and activity levels.

Direct Labor-Hours

A measure used in accounting to allocate costs, referring to the total hours worked by employees directly involved in the manufacturing process.