If a Psychologist Administers an Intellience Test to 100 College

question 48

True/False

If a psychologist administers an intellience test to 100 college freshmen and a month later returns and readministers the same test,the psychology is determining this test's criterion validity.

---

Definitions:

Factory Overhead Cost Variance

The difference between the actual and budgeted indirect manufacturing costs.

Fixed Overhead

Costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance.

Variable Overhead

These are costs that vary with production volume, such as materials and labor, as opposed to fixed overhead costs.

Direct Materials Cost Variance

The difference between the budgeted cost of materials and the actual cost used in production.