A Qualitative Variable Whose Outcomes Are Assigned Numerical Values Is

question 80

True/False

A qualitative variable whose outcomes are assigned numerical values is called a coded variable.

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Definitions:

General Rule

A basic or principal rule that provides guidance or policy in a given area or operation.

Transfer Price

The price at which goods and services are transferred between departments or subsidiaries of the same company.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as raw materials or direct labor.

General Transfer-Pricing Formula

A method or set of guidelines used to determine the price at which goods and services are transferred between departments or divisions within the same company.