Which of the Following Is an Example of Qualitative Data

question 41

Multiple Choice

Which of the following is an example of qualitative data?

• A) increase in profit margin over a five-year period
• B) average weight of employees of the organization
• C) preferred color of most employees in the organization
• D) number of units produced on a daily basis

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Definitions:

Conversion Costs

Costs in manufacturing that are directly related to converting raw materials into finished goods, primarily consisting of labor and overhead expenses.

Direct Material Costs

The cost of raw materials directly used in the production of goods.

Predetermined Rate

A rate established before the start of a project or period, often used in budgeting and costing, to assign overhead costs to specific activities.

First-In, First-Out

An accounting method for valuing inventory which assumes that the first items purchased are the first ones sold.