Which of the Following Tests Do You Need to Conduct

question 12

Multiple Choice

Which of the following tests do you need to conduct to determine which groups are different, if you find a statistically significant ANOVA?

• A) Levene's test
• B) Kolmogorov-Smirnov test
• C) Both planned or post hoc contrasts
• D) Either planned or post hoc contrasts

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Definitions:

Overhead Costs

Indirect costs required to run a business but cannot be directly attributed to a specific product or service.

Period Costs

Expenses that are not directly tied to the production process and are typically recorded as expenses in the period in which they are incurred.

Inventoriable Costs

Costs that are directly associated with the production of goods and are capitalized as inventory, to be expensed as the goods are sold.

Managerial Accounting

The field of accounting that provides internal reports to help users make decisions about their companies.