Which of the Following Is Not a Qualitative Issue in a Special

question 114

Multiple Choice

Which of the following is not a qualitative issue in a special order pricing decision?

• A)Will accepting the special order require the hiring of extra workers or payment of overtime?
• B)Will accepting the special order result in the loss of regular customers?
• C)Will it generate a positive contribution margin?
• D)If the special order generates new business,will the customer purchase again at the regular price?

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Definitions:

Type II Error

A statistical mistake that occurs when a false null hypothesis is not rejected, erroneously indicating no effect or difference when one does exist.

True Average Age

The actual mean age of a group or population, accurately representing the central tendency without bias.

Sample Size

The number of observations or units in a sample taken from a population for the purpose of statistical analysis.

Critical Value

A threshold value that is compared with the test statistic to determine whether the null hypothesis should be rejected in hypothesis testing.