Weekly Stock Closing Prices for IBM Would Be Classified as Which

question 129

Multiple Choice

Weekly stock closing prices for IBM would be classified as which of the following?

• A)Cross-sectional data
• B)Time-series data
• C)Nominal data
• D)Ordinal data

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Definitions:

Finished Goods Inventory

Refers to the inventory of goods that are completed and ready for sale.

Cost of Goods Manufactured

The total expense incurred in manufacturing goods, including materials, labor, and overhead, up to the point of completion.

Raw Materials

Primary components used to produce or fabricate products.

Direct Labor

The wages and expenses directly associated with workers who physically produce goods or provide services.