In a Survey Undertaken by a University to Gauge Student

question 37

Multiple Choice

In a survey undertaken by a university to gauge student satisfaction in its online MBA program, one question asked students to indicate the number of credits they had
Transferred into the program. Which of the following is true?

• A) This variable is categorical.
• B) This variable is transactional.
• C) This variable is quantitative.
• D) This is an identifier variable.
• E) This variable is nominal.

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Definitions:

Trial Balance

A financial record-keeping chart where the sums of all ledger balances are gathered into columns of debits and credits, achieving a balance.

Journal Entry

A recording in the accounting books of a business transaction expressed in terms of debits and credits.

Correction Journal Entry

A correction journal entry is used to amend errors or omissions in the financial accounting records of a business.

Ledger Accounts

Records that summarize transactions related to a specific asset, liability, equity, revenue, or expense, forming the backbone of the double-entry bookkeeping system.