Describe the Five Major Steps in Questionnaire Construction

question 14

Essay

Describe the five major steps in questionnaire construction.

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Definitions:

High-low Method

A technique used in cost accounting to determine the variable and fixed components of a cost by analyzing the highest and lowest levels of activity.

Variable Cost

Expenses that fluctuate in direct proportion to the amount of production or sales, including items like labor and materials.

Machine Hour

A measure of production time, where costs are attributed based on the number of hours a machine is operated.

Mixed Cost

A cost that contains both variable and fixed cost elements, changing with the level of output but also involving a constant component.