Examlex
How well a test measures what it is intended to measure is referred to as the concept of _____________; ____________ specifically assesses whether the items on a test measure all the knowledge or skills that are assumed to be part of the construct measured by a test.
Unfavorable Effect
Occurs when actual costs exceed budgeted costs, or actual revenues are less than expected, negatively impacting financial performance.
Trained Workers
Personnel who have received specific training to perform their job duties effectively and efficiently.
Variances
Differences between planned or standard costs and actual costs, analyzed to understand and manage costs within financial planning.
Direct Materials Purchases Variance
The difference between the actual cost of direct materials purchased and the expected (or standard) cost of those materials.
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