A Method of Gathering Data About People by Asking Them

question 79

Short Answer

A method of gathering data about people by asking them questions about a sample of their behavior is known as a(n)____________ measure.

Identify the role of accountants and managers in setting cost standards.

Understand the significance and process of revising standard costs.

Recognize the motivational implications of standard costs for employee performance.

Understand how financial reporting systems use the principle of exceptions to focus on variances.

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Definitions:

Chi-Square Value

A statistical measure used in tests of independence and goodness of fit, indicating how expectations compare to actual observed data.

Degrees of Freedom

Degrees of freedom refer to the number of independent values or quantities that can vary in an analysis without breaking any constraints.

Contingency Table

A data table that displays the frequency distribution of the variables.

Expected Frequency

In statistics, the predicted count of occurrences in a category of a contingency table based on probabilities derived from a theoretical distribution.