What Is the Problem with This Measure of University Student

question 31

Multiple Choice

What is the problem with this measure of university student age? Please indicate your age:
(i) 17 to 18 years old
(ii) 19 to 20 years old
(iii) 21 to 22 years old

• A) Its attributes are mutually exclusive.
• B) Its attributes are not exhaustive.
• C) Its attributes are exhaustive.
• D) Its attributes are double-barrelled.
• E) There is nothing wrong with it.

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Definitions:

Variable Expenses

Variable expenses are costs that change in proportion with the level of activity or production volume, such as raw materials and direct labor.

Contribution Margin

The residual sum from sales income following the subtraction of variable costs.

Segment Margin

The contribution margin of a specific segment of a business, excluding common fixed costs, to assess the segment's financial performance independently.

Traceable Fixed Expenses

Fixed costs that can be directly associated with a specific business segment or a product.