Exhibit 10-2: in Its Simplest Form, an Experiment Has Three

question 6

Multiple Choice

Exhibit 10-2: In its simplest form, an experiment has three characteristics.Choose the characteristic that corresponds with each example.
-Refer to Exhibit 10-2.Two classes were randomly selected and randomly assigned to be the experimental and control groups.

• A) The effect of the independent variable is measured through observation of the dependent variable.
• B) Extraneous variables are held constant.
• C) An independent variable is manipulated.

---

Definitions:

Fixed Costs

Expenses that do not change with the level of goods or services produced over the short term, such as rent or salaries.

Continuous Budgeting

A process of continuously updating the budget by adding a new period as the current period is completed, ensuring the budget always extends a fixed period into the future.

Fiscal-Year

A one-year period used for financial reporting and budgeting that does not necessarily coincide with the calendar year; it can start on any day of the year.

Flexible Budgeting

A budgeting approach that allows for adjustments to budgeted figures based on changes in actual operating conditions.