Creating New Measures for Variables in Evaluation Research Has the Advantage

question 27

Multiple Choice

Creating new measures for variables in evaluation research has the advantage of:

• A)greater possible relevance and validity to the study.
• B)known degrees of reliability and validity.
• C)greater possible reliability to the study.
• D)being less time-consuming than using an already devised measure.
• E)more precision.

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Definitions:

Labor Quantity Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate.

Controllable Overhead Variance

Controllable overhead variance is the difference between the actual overhead costs incurred and the budgeted overhead costs that could be controlled.

Overhead Applied

The portion of overhead costs allocated to specific jobs or production activities based on a predetermined formula or rate.

Overhead Volume Variance

The difference between the budgeted and actual overhead costs due to changes in the level of production or activity.