The First Day of Class the Professor Collects Information on Each

question 59

Multiple Choice

The first day of class the professor collects information on each student to make a data set that will be analyzed throughout the semester.The information asked includes hometown,GPA,number of classes,number of siblings,and favorite subject.How many categorical variables are in this data set?

• A)1
• B)2
• C)3
• D)4

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Definitions:

Controlling

The process of monitoring business performance by comparing actual results with expected outcomes to make necessary adjustments.

Choosing Goals

The process of identifying objectives or desired outcomes that guide decision-making and strategic planning in personal or organizational contexts.

Direct Materials Cost

The expense incurred for materials that are directly traceable to the production of goods.

Factory Overhead Cost

Indirect manufacturing costs that are not directly linked to the production process, including utilities, depreciation, and salaries of support staff.