A Business Statistics Class Roster Includes 14 Business Major Students

question 101

Multiple Choice

A business statistics class roster includes 14 business major students and 21 students of another major. Sixteen students in this class are male. There are eight female business majors. What is the number of men in the class who are not business majors?

• A) 6
• B) 8
• C) 10
• D) 11

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Definitions:

Budget

An estimation of revenue and expenses over a specified future period of time, used by organizations for planning and controlling their financial resources.

Standard Cost

A predetermined cost of manufacturing, selling, or administering each product or service, used as a benchmark to measure performance.

Financial Statements

Reports that provide an overview of a company's financial condition in both short and long term, including balance sheet, income statement, and cash flow statement.

Labor Quantity Variance

Labor quantity variance measures the difference between the actual number of hours worked and the number of hours that should have been worked according to standards, multiplied by the standard hourly wage rate.