Which of the Following Variables Is an Example of a Categorical

question 133

Multiple Choice

Which of the following variables is an example of a categorical variable?

• A)The amount of money you spend on eating out each month.
• B)The time it takes you to write a test.
• C)The geographic region of the country in which you live.
• D)The weight of a cereal box.

---

Definitions:

Operating Activity

Activities that constitute the primary or main activities of an entity, including cash flows related to sales, expenses, and other core business operations.

Cash Dividend

A direct payment of profits from a corporation to its shareholders, often distributed quarterly.

Equity-Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, by recording such profits as income.

Deferred Taxes Payable

Liabilities for taxes owed that are recorded on the balance sheet to reflect timing differences between tax laws and accounting practices.