Which of the Following Is TRUE

question 41

Multiple Choice

Which of the following is TRUE?

• A)The recording of a respondent's social class using the categories upper,middle,and lower represents the use of a nominal scale.
• B)An ordinal scale can be transformed in any manner possible provided that the basic ordering of the objects is maintained.
• C)When the scale has an arbitrary zero point,it makes sense to say that A is twice as much as B.
• D)Interval scales possess an absolute zero point whereas ordinal scales do not.
• E)All of these are false.

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Definitions:

Common Activity Base

A measure used in activity-based costing for allocating overhead and indirect costs to products or services based on relevant activities.

Job Cost Sheet

A document that records the materials, labor, and manufacturing overhead costs assigned to an individual job or project.

Cost Accounting

A branch of accounting focused on capturing a company's total cost of production by assessing its variable and fixed costs.

Product Costs

Costs directly attributable to the creation of a product, including direct labor, materials, and manufacturing overhead.