An Example of Primary Data to Determine the Effect of a 10

question 64

Multiple Choice

An example of primary data to determine the effect of a 10 percent price increase in sales is information gathered from ________.

• A) trade association unpublished research
• B) public data which is filed by competitors for federal agencies
• C) company sales reports that list sales at different price intervals over time
• D) an experiment in which company personnel monitor sales in matched pairs of stores where prices differ by 10 percent on a systematic basis

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Definitions:

Average Unit Cost

The cost incurred for producing a single unit, calculated by dividing the total cost of production by the number of units produced.

Units

A measure of quantity representing the amount of product or service.

Inventory

The quantity of goods or materials that a business has on hand at any given time.

Inventoriable Costs

Costs that are considered as assets on the balance sheet until the related goods are sold, at which point these costs are transferred to the cost of goods sold on the income statement.