Which List of Common Variables Below Would Be Examples of Continuous

question 3

Multiple Choice

Which list of common variables below would be examples of continuous data?

• A) price, time, volume, length, sales
• B) gender, coupon used, college degree, promotion (yes/no)
• C) education level, age group, survey scale response (e.g., 1 to 7)
• D) ethnic group, product category, SKU, payment method

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed costs and contribute to profit.

Variable Manufacturing Costs

Charges that fluctuate based on the volume of production, like components used in product assembly and wages for workers on the production line.

Variable Selling Expenses

Selling costs that fluctuate with sales volume, such as commissions for sales staff.

Break-Even Sales

The amount of revenue required to cover all fixed and variable expenses, resulting in zero profit.