Determine Whether the Given Value Is a Discrete or Continuous

question 51

Multiple Choice

Determine whether the given value is a discrete or continuous variable. People are asked to state how many times in the last month they visited their family doctor.

• A) Continuous
• B) Discrete

Understand the implications of a change in total sales or sales mix on company profitability.

Determine the contribution margin ratio and its significance in break-even analysis.

Use the operating leverage to estimate the effect of sales changes on net operating income.

Understand the basic concepts and application of the high-low method in cost analysis.

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Definitions:

External Supplies

Goods or services obtained from sources outside the organization to support its operations.

Labour Market Trends

Patterns or movements in employment sectors, such as changes in job availability, demand for specific skills, or wage levels.

Sales Projections

Forecasts about future sales volumes based on current data, trends, and market analysis.

Flexible Retirement

Programs that provide retirees with the opportunity to work after they have retired and provide them with significant flexibility in terms of how they work, what they work on, when they work, and where.