Gathering Cost Information Through Observations and Interviews from Departments Within

question 142

Multiple Choice

Gathering cost information through observations and interviews from departments within an organisation is known as the:

• A)account analysis method.
• B)conference method.
• C)industrial engineering method.
• D)quantitative analysis method.

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Definitions:

Cross-Classification Table

A table used to organize data according to two variables simultaneously, allowing for the examination of the relationship between them.

Frequency Distribution Tables

Tables that display the frequency of various outcomes in a sample.

Nominal Variables

Variables categorized into discrete groups or categories without a natural order or ranking.

Pie Charts

A type of graph that represents data as slices of a circle, with each slice size proportional to the quantity it represents.