All of the Following Are Typical Components of a Time

question 121

Multiple Choice

All of the following are typical components of a time series except?

• A) Trend
• B) Seasonality
• C) Clustered
• D) Random variation

---

Definitions:

Allocated Fixed Costs

Allocated fixed costs are fixed costs that have been distributed among different departments or products based on a predetermined basis.

Variable Costs

Expenses that vary directly with the level of production or sales volume.

Outside Supplier

A third-party entity that provides goods or services to a company, typically not affiliated with the purchasing company.

Opportunity Cost

The expense incurred by not choosing the second-best option during decision-making.