Sometimes It Is Necessary to Make the Same Measurement More

question 48

Multiple Choice

Sometimes it is necessary to make the same measurement more than once, which is known as the

• A) test-retest method
• B) inter-rater reliability
• C) split-half method
• D) face validity

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Definitions:

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected amount, which can indicate efficiency or waste.

Materials Price Variance

The difference between the actual cost of materials purchased and the expected cost, based on standard prices.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost, based on the hours worked.

Labor Rate Variance

A specific type of variance that measures the difference between the actual hourly wage paid to workers and the standard rate expected.