What Is the Primary Difference Between a Static Budget and a Flexible

question 30

Multiple Choice

What is the primary difference between a static budget and a flexible budget?

• A)The static budget contains only fixed costs, while the flexible budget contains only variable costs.
• B)The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels.
• C)The flexible budget is prepared for a single level of activity, while a static budget is adjusted for different activity levels.
• D)The static budget is constructed using input from only upper level management, while a flexible budget obtains input from all levels of management.
• E)The flexible budget is constructed using input from only upper level management, while a static budget obtains input from all levels of management.

Grasp the significance of the discussion section in interpreting and explaining findings.

Understand the role of prepublication and peer review in scientific communication.

Know how to accurately describe methods and materials to allow replicability of experiments.

Appreciate the ethical standards required in scientific writing and reporting.

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Definitions:

Test-Retest

A method used to assess the consistency of a measure by comparing the scores of the same participants on the same test administered at two different times.

Parallel Forms

A method of reliability assessment in psychometrics where two different versions of a test are used to measure the same construct, to check for consistency.

Interrater

Relates to the degree of agreement among independent observers or raters evaluating the same phenomenon.

Predictive Validity

The extent to which a score or measurement can accurately predict future performance or behavior.