A Plot of Data That Results in One Extreme Observation

question 80

Multiple Choice

A plot of data that results in one extreme observation MOST likely indicates that:

• A)an unusual event such as a plant shutdown occurred during that month.
• B)the cost-allocation base has been incorrectly identified.
• C)more than one cost pool should be used.
• D)individual cost items do not have the same cost driver.

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Definitions:

Union Shops

Workplaces where employment is conditional on maintaining membership in a labor union, typically after a probationary period.

Open Shops

Workplaces where joining a union is not a condition for employment, allowing for both union and non-union employees.

Pure Monopsony Power

A market condition where there is only one buyer for a product or service, giving that buyer significant control over prices.

Strike and Lockout

Labor disputes where employees refuse to work (strike) and employers prevent employees from working (lockout) to settle disagreements, typically over employment terms.