Multidimensional Scaling Is a Statistical Technique That _____

question 20

Multiple Choice

Multidimensional scaling is a statistical technique that _____.

• A) identifies homogeneous subgroups
• B) identifies patterns underlying combinations of the original variables capable of summarizing the original set
• C) develops a perceptual map of the locations of some objects relative to others
• D) predicts or explains the value for a dependent variable using the values of independent variables
• E) uses two or more independent, metric variables to classify observations into categories of a nominal, dependent variable

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Definitions:

Actual Total Labour Cost

The real expense incurred for labor during the production process, covering all employees directly involved in manufacturing.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity according to standards.

Direct Material Used

The raw materials directly incorporated into a product during the manufacturing process.

Variable Manuf. Overhead

Costs associated with the production process that vary with the level of output, such as utility costs and some labor expenses; it’s a focused subset of variable manufacturing costs.