Jason Is Using the Demographic Variables of Highest Level of Educational

question 43

Multiple Choice

Jason is using the demographic variables of highest level of educational attainment (high school graduate,some college,college graduate,graduate school) and ethnicity (Asian,African-American,Caucasian,Hispanic,other) to describe survey respondents.Both are examples of _____ variables.

• A) dichotomous
• B) discrete
• C) continuous
• D) dependent
• E) mediating

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Definitions:

Capital Expenditures

Money spent by a firm on buying or improving hard assets such as land, factories, or equipment.

Revenue Expenditures

Expenses that are immediately charged against revenues in the same accounting period, generally related to the maintenance and repair of fixed assets or operating expenses.

Accounting System

A methodical procedure of recording, measuring, and communicating financial information for decision making in business.

Intangible Assets

Assets that lack physical substance but possess economic value, including intellectual property, trademarks, and goodwill.