A Fixed Alternative Question with Three or More Choices Uses

question 152

Multiple Choice

A fixed alternative question with three or more choices uses a(n) __________.

• A)frequency distribution
• B)scale
• C)measure of success
• D)open-ended question
• E)constraint

---

Definitions:

Overhead Costs

Indirect expenses related to the day-to-day running of a business, such as rent, utilities, and administrative costs.

Merchandise Purchases Budget

A financial plan that estimates the cost of goods a business needs to buy to meet its sales goals.

Production Budget

An estimate of the total cost of production (including materials, labor, and overhead) for a specific period.

Long-Range Planning

The process of defining strategic goals and making decisions on allocating resources to pursue this strategy over an extended period, typically beyond one year.