Two Dimensions to Generalizability Are

question 88

Multiple Choice

Two dimensions to generalizability are:

• A) construct validity and external validity
• B) compensatory rivalry and external validity
• C) construct validity and compensatory rivalry
• D) none of the above

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Definitions:

Actual Costs

The genuine expenses incurred in the production of goods or delivery of services, measured after they occur.

Cost Formulas

Mathematical equations used to calculate the costs associated with different accounting and financial practices.

Flexible Budgets

Budgets that are designed to vary in accordance with changes in the level of activity or output, to provide more accurate costing and planning.

Spending Variance

The difference between the actual amount of the cost and how much the cost should have been, given the actual level of activity. A favorable (unfavorable) spending variance occurs because the cost is lower (higher) than expected, given the actual level of activity for the period.