Which of the Following Is FALSE

question 9

Multiple Choice

Which of the following is FALSE?

• A)You are studying the product life cycle phenomenon attempting to classify certain products into the following stages: introduction,growth,maturity,saturation,and decline.This represents nominal scaling.
• B)The above products can be further classified according to whether they are consumer or industrial goods.This is an example of nominal scaling.
• C)The respondent's gender is an example of a nominal scale.
• D)Both a and b.
• E)a,b,and c.

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Definitions:

Production Budget

An estimate of the total cost of production that includes direct labor, raw materials, and overhead expenses for a specific period.

Budgeted Unit Sales

The forecasted quantity of products that a company plans to sell over a specific period.

Beginning Finished Goods

The inventory of finished products available for sale at the start of an accounting period.

Ending Finished Goods

The value of goods available for sale at the end of an accounting period.