A ______ is a statement that direct observation can prove true or false.
a. fact
b. judgment
c. deduction
d. reason
a. fact
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Cost concepts such as variable, fixed, mixed, direct, and indirect apply only to manufacturers and not to service companies.
Answer the following statement true (T) or false (F)
Consider the assembly line below. The three fabrication operations run in parallel, such that each batch of 20 units only needs to go through one of the three fabrication operations
After that, each batch needs to go through both assembly operations, which occur simultaneously (specifically, 10 components are made for each unit in the fabrication stage—some components are then assembled in the Assembly 1 area while others are assembled in the Assembly 2 area). The units are packaged and made ready for shipment in the final stage. What is the throughput time per batch of this operation? A) 88 min. B) 8 min. C) 40 min. D) 34 min. E) 33 min.
Which of the following is not a determinant of the cost of your automobile insurance rates?
A) Your age B) Your credit score C) Your driving record D) Your marital status E) The number of children that you have
If you wanted to examine the impact of fast-food consumption on weight gain, your measurement of weight gain would be the _______.
a.Dependent variable b.Treatment variable c.Predictor variable d.Independent variable