Vertical Bars Are Used to Indicate Frequencies in a

question 181

Multiple Choice

Vertical bars are used to indicate frequencies in a

• A)frequency polygon.
• B)scatter diagram.
• C)normal distribution.
• D)histogram.

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Definitions:

Direct Materials Quantity Variance

The difference between the actual quantity of direct materials used in production and the standard quantity expected, multiplied by the standard cost per unit.

Performance Evaluation System

A structured framework that systematically assesses and measures employee performance based on predefined criteria and objectives.

Bulk Purchase Discount

A reduction in price offered by suppliers to customers who buy large quantities of goods.

Lower Quality Materials

Substandard or inferior raw materials used in the production process, typically resulting in a lower cost and quality of the final product.