The Pew Research Center Study About Online Shopping Asked Respondents

question 11

Multiple Choice

The Pew Research Center study about online shopping asked respondents to indicate their education level on the following scale: Less than High School, High School, Some College,
College +.Which of the following statements is (are) true?

• A)Education level is a categorical variable.
• B)Education level is nominal scaled.
• C)Education level is ordinal scaled.
• D)Both A and B
• E)Both A and C

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Definitions:

Variable Overhead

Costs that vary with the level of production or business activity, such as utilities and indirect materials, but do not directly correlate to direct labor or materials.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on efficient usage of resources.

Actual Labour Hours

The real amount of labor time spent by employees on the production of goods or provision of services.

Standard Labour Rate

The pre-determined cost per unit of labor time, used in calculating labor expenses in manufacturing.