You Are Coding a Survey That Asks the Question "Please

question 25

Multiple Choice

You are coding a survey that asks the question "Please tell us your age: _____",where the respondent fills in the blank with a number corresponding to his or her age. The best way to code this information is

• A)using narrow categories,such as the following: Under 18,19-21,22-25,26-29,30-33,etc.
• B)recording the actual age.
• C)using broad categories,such as the following: Under 20,20-29,30-39,40-49,etc.
• D)None of these are correct.
• E)All of these are correct.

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or disposal, essentially the net value obtainable.

Inventory

The goods and materials a business holds for the ultimate purpose of resale, comprising raw materials, work-in-progress products, and finished goods.

Physical Flow

The actual movement of goods through a production process or supply chain.

Internal Control

Methods and practices put in place by an organization to guarantee the accuracy of financial and accounting data, encourage responsibility, and inhibit fraudulent activities.