The Following Are Typical Examples of Ordinal Data Except

question 9

Multiple Choice

The following are typical examples of ordinal data except:

• A) Blood type
• B) Political affiliation
• C) Education level
• D) Letter grade

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Definitions:

Variable Cost Per Unit

Variable Cost Per Unit is the cost that varies directly with the production volume, including materials and labor directly involved in the production.

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or sales activity.

High-low Method

The high-low method is a way of estimating the fixed and variable components of a cost by using the highest and lowest activity levels and their corresponding costs.

Fixed Costs

Expenses that do not change with the level of goods or services produced by the business, such as rent and salaries.