Which Type of Design Might a Company Use to See

question 17

Multiple Choice

Which type of design might a company use to see how many errors and correct decisions have been made with a specific cut score?

• A)false predictive reliability design
• B)false negative extrapolation design
• C)true predictive validity design
• D)false positive projection design

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Definitions:

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit.

Direct Material Standards

The predetermined cost and quantity of materials required for the manufacturing of a product.

Purchases Variance

A financial metric used to measure the difference between the actual cost of purchased materials and the planned or standard cost.

Materials Price Variance

The difference between the actual amount paid for materials and the expected (or standard) cost of those materials, multiplied by the quantity of materials purchased.