Which of the Following Refers to Data in the Form

question 87

Multiple Choice

Which of the following refers to data in the form of rows and columns?

• A) granulated data
• B) structured data
• C) micro data
• D) coarse data

Identify the significance of separating personal and business finances.

Grasp the basic concepts and terminology of accounting and financial management.

Acknowledge the common reasons for small business bankruptcy and the importance of strategic financial planning and management.

Understand the purpose and importance of financial statements in a business.

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Definitions:

High-Low Method

A technique in managerial accounting used to estimate fixed and variable costs by analyzing the highest and lowest levels of activity and the associated costs.

Variable Cost

Expenses that change in proportion to the activity of a business such as raw materials and direct labor costs.

Fixed Cost

Payments that do not vary with the amount of production or sales activities, including costs like renting spaces, salary payouts, and insurance contributions.

Operating Leverage

Operating leverage describes the extent to which a company can increase its profits by increasing sales, highlighting the ratio of fixed costs to variable costs.