A Major Contribution of Charles Spearman Was the Development of the Mathematical

question 290

Multiple Choice

A major contribution of Charles Spearman was the development of the mathematical technique:

• A)analysis of variance
• B)analysis of covariance
• C)factor analysis
• D)psychometric analysis

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Definitions:

Variable Expenses

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Fixed Expenses

Costs that remain constant over a specified period regardless of changes in the level of activity or volume of production.

Margin of Safety

The difference between actual or expected sales and the sales level at the break-even point, indicating the amount by which sales can drop before the company incurs a loss.

Unit Variable Expenses

Costs that vary directly with the volume of production or sales per unit.