Which of the Following Is FALSE Regarding Focus Groups

question 74

Multiple Choice

Which of the following is FALSE regarding focus groups?

• A) The group consists of 7-10 participants.
• B) The group members typically know each other beforehand.
• C) The moderator prepares 6-10 key questions to guide the conversation.
• D) The group typically meets for about 1 to 1 ½ hours.

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Definitions:

Materials Price Variance

It measures the difference between the actual cost of materials used in production and the expected (standard) cost.

Price Standard

A predetermined cost that management believes should be paid for an item, often used in budgeting and variance analysis.

Pounds

A unit of mass in the imperial system, symbolized as lb.

Labor Quantity Variance

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