Which of the Following Is the First Consideration in Planning

question 13

Multiple Choice

Which of the following is the first consideration in planning for a classroom test or assessment?

• A)Should it criterion-referenced or norm-referenced?
• B)Should it be objective or performance-based?
• C)What will the results be used for?
• D)What content should be covered?

Analyze the impact of taxes on both buyers and sellers in a market.

Assess the effects of tax policies on government revenue and economic behavior.

Explain the concept of deadweight loss and its relation to taxation.

Describe how the elasticity of demand and supply affects the burden of a tax.

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Definitions:

Variance

The difference between planned or expected outcomes and the actual outcomes in finance and accounting.

Cost Drivers

Factors that cause a change in the cost of an activity, used in activity-based costing to allocate costs accurately.

Revenue Variances

The difference between actual revenue and budgeted or projected revenue.

Spending Variances

The difference between actual spending and budgeted or planned spending in various categories.