The Formula for the Intelligence Quotient as Stern Defined It

question 163

Multiple Choice

The formula for the intelligence quotient as Stern defined it is:

• A) CA/MA × 100.
• B) MA/CA × 100.
• C) CA/(MA × 100).
• D) MA/(CA × 100).

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Definitions:

Activity Level

An indicator of the volume of business activity or operations in a specific period, often used in costing and budgeting to measure performance.

Fixed Costs

Costs that remain constant in total regardless of changes in the level of activity within a relevant range.

Static Budget

A budget that is based on fixed assumptions and does not change with variations in business activity levels.

Master Budget

A comprehensive financial planning document incorporating all of an organization's financial plans, including sales, production, and cash budgets.