In a Job Application, Potential Employees Are Asked for the Phone

question 30

Multiple Choice

In a job application, potential employees are asked for the phone numbers of three references.A phone number is an example of a:

• A)qualitative variable
• B)quantitative variable
• C)qualitative or quantitative variable, depending on how the respondents answered the question
• D)ratio variable
• E)none of the above

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Definitions:

Selling Price

The amount for which a product or service is sold to the customer.

Margin Of Safety

The difference between actual sales and breakeven sales, quantifying how much output or sales level can drop before a business incurs a loss.

Variable Expenses

Costs that change in direct proportion to changes in the level of activity or production volume, such as raw material costs.

Break-even Point

The point at which total revenue equals total costs, and no profit is earned or lost, often used to determine the feasibility of a business venture or product.