Select the Appropriate Cost Behaviour for the Following Costs Incurred

question 22

Multiple Choice

Select the appropriate cost behaviour for the following costs incurred by a bicycle manufacturer.
-Cost of gear shifters

• A)Variable
• B)Fixed

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Definitions:

Frequency Polygon

A frequency polygon is a graphical representation of the distribution of a dataset on a coordinate plane, using a line that connects points corresponding to the frequencies of classes or intervals.

Bar Chart

A graphical display of data using bars of different heights or lengths to represent values.

Interval Scale

A scale of measurement where the intervals between numbers on the scale are all equal in size.

Nominal Scale

A measurement scale used in statistics for labeling variables without any quantitative value, where the order of the variables is insignificant.