Which of the Following Is Not an Advantage of Computer

question 11

Multiple Choice

Which of the following is not an advantage of computer applications in assessment?

• A)computers are patient in gathering information.
• B)more complex scoring can be done by computers.
• C)computer applications have been shown to be very cost effective.
• D)computers are not biased based on gender or race.

Distinguish between variable and fixed costs in the context of budgeting and variance analysis.

Comprehend the process for calculating activity, revenue, and spending variances.

Analyze the impact of actual activity levels on budgeted costs and revenues.

Understand the significance of including both fixed and variable costs in the flexible budget for accurate performance evaluation.

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Definitions:

Nominal Interest Rate

The interest rate which is advertised or stated, without adjustment for the full effects of compounding or inflation.

Semiannual Compounding

The process of applying interest to a principal sum twice a year, leading to interest being earned on interest.

Periodic Interest Rate

The interest rate applied over a specific time period, crucial for calculating interest in savings and loan scenarios.

Present Value

The value today of a future amount of money or sequence of cash payments, calculated using a designated return rate.