What Does an Institutional Review Board Do

question 4

Multiple Choice

What does an Institutional Review Board do?

• A) It provides lists of people who are willing to serve as volunteers in psychological experiments.
• B) It maintains statistics on the number and type of experiments conducted at an institution.
• C) It helps experimenters evaluate the statistical significance of their data.
• D) It judges whether proposed experiments are ethical.

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Definitions:

Direct Labor Hours

The total hours worked by employees who directly participate in the production of goods detailed.

ABC

A costing method that identifies activities in an organization and assigns the cost of each activity to products or services according to the actual consumption.

Overhead Costing Systems

Methodologies used to allocate indirect costs (overhead) to products or services, which may vary depending on the costing approach (e.g., traditional costing or activity-based costing).

Overhead Allocation Base

A metric used to assign indirect costs to cost objects, often based on time, labor, or machine hours.