Categorical Data

question 56

Multiple Choice

Categorical data

• A) indicate either how much or how many.
• B) cannot be numeric
• C) are labels used to identify attributes of elements.
• D) must be nonnumeric.

---

Definitions:

Manufacturing Firms

Companies that use labor, equipment, and raw materials to produce finished goods on a large scale.

Work in Process Inventory

Goods partially completed during the manufacturing process, not yet ready for sale.

Materials Ledger Cards

Records used to track the quantities and costs of materials on hand in inventory through receipts, issuances, and balances.

Perpetual Records

Inventory management records that are continuously updated to reflect sales, purchases, and inventory levels in real time.