Which of the Following Statements Is False

question 74

Multiple Choice

Which of the following statements is false?

• A) A standard cost is more accurate than a budgeted cost.
• B) A standard is a unit amount.
• C) In concept standards and budgets are essentially the same.
• D) The standard cost of a product is equivalent to the budgeted cost per unit of product.

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Definitions:

Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Dependent Variable

The variable in an experiment that is expected to change in response to manipulations of the independent variable.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables, ranging from -1 to 1.

Independent Variable

A variable in an experiment or model that is manipulated or changed to observe its effect on a dependent variable.