The level of measurement that is simply a label for the purpose of identifying an item is
a. ordinal measurement
b. ratio measurement
c. nominal measurement
d. internal measurement
C
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Charlie Company had $1,800 of supplies on hand at January 1 . During the year, supplies with a cost of $4,000 were purchased. At December 31, the actual supplies on hand amount to $1,300 . After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts. Supplies Supplies Expense
a. $1,800 $4,000 b. $1,300 $4,500 c. $5,300 $5,800 d. $1,300 $5,800
Balser Corporation manufactures and sells a number of products, including a product called JYMP. Results for last year for the manufacture and sale of JYMPs are as follows: Sales $960,000 Less expenses: Variable production costs$464,000 Sales commissions 144,000 Salary of product manager 100,000 Fixed product advertising 160,000 Fixed manufacturing overhead 132,000 1,000,000 Net operating loss $(40,000)Balser is trying to decide whether to discontinue the manufacture and sale of JYMPs. All expenses other than fixed manufacturing overhead are avoidable if the product is dropped. None of the fixed manufacturing overhead is avoidable.Assume that dropping Product JYMP will have no effect on other products. The annual financial
advantage (disadvantage) for the company of eliminating this product should be: A. ($132,000) B. ($92,000) C. $40,000 D. ($172,000)
________ are integrated systems including hardware, communications network, data base, model base, software base, and the ________ user (decision maker) that collect and interpret information for decision making
A) Marketing information systems (MIS); MIS B) Management information systems (MIS); MIS C) Decision support systems (DSS); DSS D) none of the above
The primary objective in setting transfer prices is to ________
A) establish a system that determines the best transfer prices for the company as a whole B) evaluate the managers of the responsibility centers involved C) achieve goal congruence by selecting a price that will maximize overall company profits D) make it easy for managers to select prices that maximize division profits