The Four Frameworks Approach to Undertaking Research

question 9

Multiple Choice

The four frameworks approach to undertaking research:

• A)is used in quantitative research.
• B)provides a simple approach to the work of designing and developing a research project.
• C)provides four possible alternative approaches to the research project.
• D)is a research methodology used in qualitative research.

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Definitions:

Materials Price Variance

The difference between a direct material’s actual price per unit and its standard price per unit, multiplied by the quantity purchased.

Standard Cost

An estimated or predetermined cost of performing an operation, producing a good, or delivering a service, used for budgeting and performance evaluation.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead based on the efficient use of resources and the standard variable overhead expected.

Materials Price Variance

The difference between the actual cost of materials used and the standard cost, multiplied by the actual quantity of materials used.