An Advantage of Correlational Studies Is That They

question 107

Multiple Choice

An advantage of correlational studies is that they

• A) focus on an individual or small groups in depth.
• B) isolate cause-effect relationships between variables.
• C) indicate the strength of relationship between variables.
• D) provide for control of extraneous variables.

---

Definitions:

Total Variable Costs

Expenses that change in proportion to the activity of a business such as materials, labor, and utilities, which vary with the level of output.

Average Fixed Cost

Production's fixed expenses (unchanged by the amount of production) split by the quantity of product made.

Average Variable Cost

The cost that varies with the level of output, computed by dividing total variable costs by the quantity of output produced.

Total Cost

A comprehensive total of expenses involved in the creation of goods or services, covering both fixed and variable costs.