To Identify a Variance Without Indicating Whether It Is Favorable

question 120

Multiple Choice

To identify a variance without indicating whether it is favorable F or unfavorable U does not indicate

• A)the impact of the variance on operating income.
• B)the amount of the variance.
• C)whether the amount relates to price or quantity.
• D)whether the amount relates to rate of efficiency.

---

Definitions:

Face Validity

The extent to which a test appears to measure what it's supposed to measure, making it seem valid at face value.

Concurrent Validity

Concurrent validity is the extent to which test scores or measurements are correlated with other measures or outcomes that are theoretically related and taken at the same time.

Predictive Validity

How well a result from a test or scale forecasts subsequent performance in a connected area.

Face Validity

The degree to which a test or measure appears effectively to assess what it is supposed to assess, based on casual inspection.