Age Is a Quantitative Variable, but One Could Recode the Values

question 10

True/False

Age is a quantitative variable, but one could recode the values so that it would be transformed into a dichotomous variable.

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Definitions:

Direct Method

A technique in cost accounting where only direct costs are assigned to cost objects, ignoring indirect costs.

Step-Down Method

A cost allocation method used in accounting to assign overhead costs to products or service departments in a sequential manner.

Step-Down Method

A cost allocation method that sequentially allocates service department costs to other service departments and then to production departments.

Janitorial Department

A division within an organization dedicated to the maintenance and cleaning of buildings and facilities.