Which of the Following Advantages Is Not a Reason Why

question 53

Multiple Choice

Which of the following advantages is not a reason why data analysis bias is low for audits and content analysis?

• A)because the variables are precisely defined
• B)because the phenomenon to be observed can be recorded continuously
• C)because the data are quantitative
• D)because statistical analysis is conducted

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Definitions:

Differential Cost Analysis

The process of comparing the cost differences between two business decisions in order to determine which is more financially viable.

Traceable

Refers to costs or expenses directly associated with a specific department, product, or project, making it easy to assign them accurately.

Activity-based Costing

A costing methodology that assigns overhead and indirect costs to specific products or activities based on their consumption.

Avoidable Cost

A cost that can be eliminated by choosing one alternative over another in a decision. This term is synonymous with differential cost and relevant cost.