Dr Logan Does a Study on the Impact of Daycare

question 116

Multiple Choice

Dr. Logan does a study on the impact of daycare experiences on adult relationships. She collects data on the children when they are ages 4, 8 and 12 and then again once they reach age 21. This type of study is

• A) retrospective research.
• B) a case study.
• C) an example of a third variable problem.
• D) a longitudinal design.

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Definitions:

Variable Costing

A financial recording method that counts only the variable expenses related to production (direct materials, direct labor, and variable manufacturing overhead) in the pricing of products.

Variable Costing

A financial recording approach that incorporates only variable manufacturing expenses, such as raw materials, direct workforce, and fluctuating production overheads, into the costs of goods produced.

Net Operating Income

A financial term representing the profit made from a company’s operations, after subtracting operating expenses from operating income.

Absorption Costing

The product cost determination method under this accounting strategy includes the expenses for direct materials, direct labor, and all manufacturing overhead, whether it is variable or fixed.