Using Account Analysis, What Type of Cost Is the Local

question 147

Multiple Choice

Using account analysis, what type of cost is the local phone service which charges a flat fee for unlimited local calls?

• A)Step
• B)Mixed
• C)Fixed
• D)Variable

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Definitions:

Random Sample

A sample drawn in such a way that every member of the population has an equal chance of being selected.

Response Rate

The proportion of individuals who respond to a survey, questionnaire, or research study out of the total number asked to participate.

Generalizing Results

The practice of extending the findings from a research study to a larger population beyond the sample studied.

Biases

Systematic errors or deviations from true values or states due to subjective preferences or beliefs affecting data collection or interpretation.