While Reviewing a Set of Telephone Interview Data, an Editor

question 71

Multiple Choice

While reviewing a set of telephone interview data, an editor found that one of the respondents was below the intended sampling age, and as such had to be eliminated from the dataset. The editor was checking for:

• A) completeness.
• B) consistency.
• C) extraneous variables.
• D) missing data.

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Definitions:

Fixed Costs

Expenses that do not vary with production volume or business activity level, such as rent, salaries, and insurance premiums.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the extent to which a firm uses fixed versus variable costs.

Variable Cost

Costs that change in proportion to the level of output or activity in a business.

Fixed Costs

Costs that do not vary in proportion to the level of goods or services produced by a business, such as rent, salaries, and insurance premiums.