A Study of 70-Year-Olds Finds That They Are More Likely

question 15

Multiple Choice

A study of 70-year-olds finds that they are more likely to vacation in January than younger individuals. What can be concluded?

• A) Increased age caused participants to vacation more.
• B) Sex of participant is a confounding variable.
• C) Since age and cohort are confounding variables, it is not possible to determine whether increased vacations in January are due to age or historical time in which one lived.
• D) Time of measurement is a confounding variable.

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Definitions:

Variable Manufacturing Overhead

Costs in the manufacturing process that fluctuate with production volume, such as utilities or materials used only in production.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company.

Cash Account

An account that records all transactions made in cash, including receipts and payments.

Direct Labor Costs

The wages paid to workers who are directly involved in the production of goods or the provision of services, excluding the cost of materials and overhead.