What Are the Two Reasons Why the Rate of Growth

question 60

Essay

What are the two reasons why the rate of growth of output has to be at least equal to the normal growth rate of output (which is 3.75% using Australian data 1960- 2011) to prevent the unemployment rate from rising? Explain.

Discuss the ethical considerations in setting standard costs and handling variances.

Distinguish between different types of standards (ideal versus normal) in cost accounting.

Evaluate the effect of managerial decisions on worker morale and efficiency.

Understand standard cost accounting system and its components.

---

Definitions:

Test-retest Reliability

Test-retest reliability is a measure of the consistency of a psychological test or assessment when administered to the same individuals at two different points in time.

Alternate Forms Reliability

A measure of reliability that assesses the consistency of the results of two tests that are constructed in the same way from the same content domain.

Pearson Product-movement

A statistical technique, commonly referred to as Pearson's correlation coefficient, measuring the linear correlation between two sets of data.

Correlation Coefficient

A numerical measure that indicates the strength and direction of a linear relationship between two continuous variables.