Which of the Following Is a Quantitative Variable

question 36

Multiple Choice

Which of the following is a quantitative variable?

• A) House age
• B) House size
• C) House price
• D) All of these choices are correct.

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Definitions:

Product Margin

The profit made from selling a product, calculated by subtracting the cost of manufacturing and selling that product from its sale price.

Machine-Hours

A measure of production time, indicating the hours that machines are in operation.

Number of Batches

The total count of groups or sets of items processed or produced together within a given time period, often used in manufacturing and quality control.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of resources, providing more accurate product cost information.