In Terms of Frequency Distributions and Percentages, If Respondents Are

question 4

Multiple Choice

In terms of frequency distributions and percentages, if respondents are asked to "check all that apply" then the percentages reported in the tables

• A) should add to 100%
• B) must include all responses including don't know or "no answer"
• C) may add up to more than 100%
• D) will be less than 100%

---

Definitions:

Opening Inventory

The value or quantity of goods on hand at the beginning of an accounting period.

FIFO Process Costing

A method of process costing that assumes the first items produced are the first sold or used, ideal for businesses where inventory shelf life is a concern.

Equivalent Unit

A concept in cost accounting used to measure the amount of work done on partial units of production, converting them into a number of fully completed units for costing purposes.

Conversion Rate

Conversion rate is a metric that measures the percentage of users who take a desired action out of the total number of visitors, often used in digital marketing and e-commerce.