Use the Following to Answer the Question(s) Below

question 31

Multiple Choice

Use the following to answer the question(s) below.
A manager of Kim & Lim corporate strategy department thinks that dollars spent on advertising can to some extent be a predictor of total sales dollars. As an aid in long-term planning, she analyzes the following sales and advertising numbers for 2015 (both in $millions) . Information was collected from eight companies of Kim & Lim.

-Statscan compiles data on a number of variables. Which of the following Statscan variables is categorical?

• A) Consumer expenditures
• B) Type of workplace injuries
• C) Wages by occupation
• D) Employment costs
• E) Productivity by industry

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Definitions:

Adjusted

Changed or modified to reflect a more accurate valuation or account of a particular item or financial record.

Accounting Period

The span of time at the end of which a company or organization reports its financial performance and position; typically monthly, quarterly, or annually.

Net Realizable Value

The estimated selling price of goods, minus the costs of their completion and the costs necessary to make the sale.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services rendered on credit.