Application of Skills Directions: Apply the Knowledge You Have Gained from Chapter 4

question 11

Multiple Choice

Application of Skills
Directions: Apply the knowledge you have gained from Chapter 4 to select the best answer to the questions about the following reading passage.
Research Areas in Psychology
¹ Although most psychologists receive broad training that provides them with knowledge about so many areas of psychology, they usually specialize when it comes to doing research. Such specialization is necessary because the subject matter of psychology has become so vast over the years. Today it is virtually impossible for anyone to stay abreast of the new research in all specialties. Specialization is also necessary because specific skills and training are required to do research in some areas.
² The seven major research areas in modern psychology are (1) developmental psychology, (2) social psychology, (3) experimental psychology, (4) physiological psychology, (5) cognitive psychology, (6) personality, and (7) psychometrics.
-adapted from Weiten , Psychology: Themes and Variations , 7^th ed., p. 19
Choose the best alternate thesis statement for the reading passage.

• A) Modern psychology has seven major research areas.
• B) Because modern psychology is very complex, it has seven major research areas.
• C) Because modern psychology is very complex, psychologists usually specialize in one of seven research areas.
• D) Because modern psychology has seven major research areas, most psychologists do not pursue research.

Understand the conceptual framework behind the standard costing system and its application in a manufacturing environment.

Understand the calculation of material and labor variances including quantity, price, and total cost variances.

Learn to compute variable and fixed factory overhead variances, including controllable, volume, and total cost variances.

Grasp the process of standard costing, including setting standards and analyzing variances.

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Definitions:

Employment Insurance

A government program offering temporary financial assistance to unemployed workers who meet certain eligibility criteria.

Legally Required

Mandates or obligations imposed by law that individuals, organizations, or entities are required to follow.

Overall Strategy

Encompasses the broad, long-term action plans and decisions made by an organization to achieve its major goals and objectives.

Benefits System

A structured plan offered by employers that provides employees with compensation additions, such as health insurance, retirement plans, or paid time off.