Which of the Following Statements Is Most Accurate Concerning Stanines

question 18

Multiple Choice

Which of the following statements is most accurate concerning stanines? ​

• A)Stanines are the best standard score to use because of the level of precision in determining the scores.
• B)Stanines can be misunderstood because individuals do not understand that they represent a range of scores.
• C)Stanine scores take into consideration the reliability of the instrument.
• D)Stanines are an accurate measure of individuals' rankings using seven levels of competency.

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Definitions:

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much revenue is contributing to cover fixed expenses and profit.

Fixed Manufacturing Overhead

Costs that do not vary with the level of production, such as rent, salaries of permanent staff, and property taxes on a factory.

Variable Costing

A method of accounting that incorporates only the costs that vary with production into the cost of products, leaving out any fixed manufacturing overhead.

Absorption Costing

A fiscal recording method that consolidates every cost involved in manufacturing, which includes the price of direct materials, payments for direct labor, and total overhead costs, whether stable or fluctuating, into the cost allocated to a product.