Which of the Following Types of Variables Cannot Be Continuous

question 39

Multiple Choice

Which of the following types of variables cannot be continuous?

• A) nominal variables
• B) independent variables
• C) dependent variables
• D) quantitative variables

Identify and interpret differential, sunk, and opportunity costs in decision-making.

Utilize the standard cost formula for total, fixed, and variable costs.

Distinguish between direct manufacturing costs, conversion costs, and manufacturing overhead in cost accounting.

Calculate and understand the contribution margin and its significance in cost-volume-profit analysis.

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Definitions:

Course of Dealing

The behavior and pattern of actions between parties that establishes a common basis for understanding their conduct in executing agreements.

Nonconforming Goods

Goods delivered under a sales contract that fail to meet the quality or specifications agreed upon by the seller and buyer.

Cure Defects

The action of rectifying or fixing flaws or deficiencies in a product, service, or legal document.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize laws across states.