Lila Doesn't Like Her Psychology Class Because the Instructor Uses

question 400

Multiple Choice

Lila doesn't like her psychology class because the instructor uses unannounced pop exams to test the class. As a result, she never knows when she will be tested. Her instructor is testing her on a ________ schedule.

• A) fixed-ratio
• B) fixed-interval
• C) variable-ratio
• D) variable-interval

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Definitions:

Management

The process of planning, organizing, leading, and controlling an organization's resources to achieve specific goals.

Variable Costing

A costing method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of production, excluding fixed overhead.

Operating Income

Earnings from a company's core business operations, excluding deductions of interest and taxes.

Variable Costing

An accounting method where only variable production costs are charged to product units, excluding fixed overhead costs.