Managers Apply Two Criteria to Obtain Accurate and Useful Cost

question 58

Multiple Choice

Managers apply two criteria to obtain accurate and useful cost functions.These criteria are ________.

• A)plausibility and believability
• B)plausibility and reliability
• C)reliability and validity
• D)believability and plausibility

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Definitions:

Theoretical Rationale

Refers to the underlying logic or reason that explains the basis of a theory.

Exposure Therapies

Exposure therapies are a group of psychological treatments that involve confronting feared or traumatic stimuli in a controlled environment to reduce associated anxiety.

PTSD

Post-Traumatic Stress Disorder; a mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, severe anxiety, and uncontrollable thoughts about the event.

Virtual Reality

A computer-generated simulation of a three-dimensional environment that can be interacted with in a seemingly real or physical way by a person.