The Major Benefit of Random Assignment Is It

question 31

Multiple Choice

The major benefit of random assignment is it

• A) reduces the plausibility of alternative explanations for the observed effects.
• B) makes it possible to observe the effects of an independent variable on another variable.
• C) ensures that the sample chosen for a study is similar to the population from which the sample was drawn.
• D) equates the groups before the experimental treatment begins.
• E) a and d

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Definitions:

Budgeted Cost of Raw Material

An estimate of the total cost of all raw materials required for production for a certain period, used in budget preparation.

Required for Production

Required for production denotes the essential resources, materials, labor, and capacity needed to manufacture a product or carry out a production process.

Budgeted Selling Price

The projected price at which a company expects to sell its goods or services in the market during a specific period.

Master Budget

A comprehensive financial planning document that combines several individual budgets within a company, forecasting overall financial activities.