Which Type of Assessment Would Be the Most Reliable

question 52

Multiple Choice

Which type of assessment would be the most reliable?

• A) subjective test
• B) projective test
• C) personality inventory
• D) observational study

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Definitions:

Fixed Overhead Budget

The fixed overhead budget is a financial plan that estimates the fixed costs associated with production, which do not vary with the level of output.

Volume Variance

A measure of the difference between the expected (budgeted) volume of sales or production and the actual volume, used in cost accounting and financial analysis.

Budget Variance

The difference between the budgeted or planned financial activity and the actual financial performance.

Volume Variance

The difference between the expected amount of output at the standard cost and the actual amount produced, measured at the standard cost.