Which of the Following Is Generally an Advantage of Closed-Ended

question 27

Multiple Choice

Which of the following is generally an advantage of closed-ended items over open-ended items?

• A) They get more directly at the specific variables the researcher is interested in.
• B) People's responses are easier to analyze.
• C) People can respond to them more quickly.
• D) all of the above

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Definitions:

Estimated Direct Labor

The forecasted amount of labor cost directly associated with the production of goods or services.

Predetermined Overhead Rate

A rate used to allocate indirect costs to different products or job orders based on a pre-established criterion, such as labor hours or machine hours.

Estimated Machine Hours

Estimated machine hours are an approximation of the operating hours of machinery within a specific time period, used in costing and budgeting processes to allocate overhead expenses based on machine usage.

Factory Overhead Account

An accounting category that accumulates all the indirect costs associated with manufacturing, excluding direct materials and direct labor.