Our Ability to Draw Appropriate Conclusions Based on the Results

question 14

Multiple Choice

Our ability to draw appropriate conclusions based on the results of an experiment depends most of all on the

• A)internal validity of the experiment.
• B)external validity of the findings.
• C)amount of variation in the experiment.
• D)statistical significance of the findings.

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Definitions:

Process Costing

A method of costing used where identical products are produced, allocating average costs for each unit.

Repetitive Production

A method of production where the same products are manufactured over and over again in a continuous flow.

Noncustomized Products

Refers to goods that are produced in large quantities without specific modifications for individual customers.

Process Costing Systems

An accounting method used to allocate costs to units of product in processes that mass produce similar items, calculating the cost per unit.