If There Are Many Individual Differences That Could Confound Your

question 22

Multiple Choice

If there are many individual differences that could confound your study, what is the best approach for creating equivalent groups in that case?

• A) Holding the variables constant
• B) Using random assignment
• C) Matching groups of participants
• D) Restricting the range of values for all extraneous variables

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Definitions:

Static Budget

A budget based on a fixed level of activity and does not change with the actual levels of output achieved.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of the organization, allowing for more accurate budgeting and performance evaluation.

Volatile Demand

Demand for a product or service that experiences frequent, unpredictable changes often leading to challenges in inventory management and production planning.

Stable Demand

Describes a market condition where the demand for a particular product or service remains consistent over time.