The Standard Deviation Is a Measure Of

question 57

Multiple Choice

The standard deviation is a measure of:

• A)volatility.
• B)total return.
• C)capital gains.
• D)changes in dividend yields.
• E)changes in the capital gains rate.

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Definitions:

Direct Materials

Raw materials that are directly incorporated into a finished product and are easily traceable to specific goods or services.

Fixed Factory Overhead

Refers to the consistent, non-variable costs associated with operating a manufacturing facility, such as rent, salaries, and utility expenses.

Static Budget

A budget that remains unchanged over the budget period and is not adjusted for actual levels of activity.

Flexible Budget

A budget that adjusts or varies with changes in the volume of activity, production levels, or other operational factors.