A Research Instrument That Asks the Respondent to Choose Responses

question 4

Multiple Choice

A research instrument that asks the respondent to choose responses from a list that includes two extremes and a neutral center mark such as 1=strongly agree, 2=somewhat agree, 3=no opinion, 4=somewhat disagree, 5=strongly disagree) is called a

• A) Bernays scale
• B) Richter scale
• C) Likert scale
• D) barometer scale
• E) ranking scale

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Definitions:

Budgeting

The process of creating a plan to spend your money, outlining anticipated expenses and income to guide financial operations.

Administrative Expenses

Administrative Expenses are overhead costs not directly tied to a specific function such as manufacturing, production, or sales, and can include salaries, rent, and office supplies.

Budgeting

A financial planning process whereby individuals or entities estimate their expected incomes and expenditures over a defined period.

Activity Variance

Activity variance calculates the difference between the planned quantity of activity and the actual quantity, analyzing the impact on costs and operational efficiency.