Why Are Open Practices Important

question 74

Multiple Choice

Why are open practices important?

• A) They allow for greater transparency among researchers.
• B) They allow for a more diverse participation pool.
• C) They are much less expensive than traditional research methods.
• D) They protect the researchers from others who want to perform the same research.

---

Definitions:

Direct Labor-Hour

A metric indicating the total hours worked by employees directly involved in the production process, often used for costing purposes.

Labor Rate

The amount paid to an employee per unit of time, usually per hour or year.

Direct Materials Purchase Budget

A financial plan that estimates the quantities and costs of direct materials to be purchased to meet production requirements.

Ending Inventories

Ending inventories refer to the final amount of goods available for sale or use at the end of an accounting period.