A Better Database for Estimating Cost Functions Has the Following

question 94

Multiple Choice

A better database for estimating cost functions has the following characteristics:

• A) Fixed costs are allocated as if they are variable costs.
• B) Extreme observations are adjusted or removed.
• C) Time periods differ for measuring items included in the dependent variable and the cost driver(s).
• D) Homogeneous relationships between individual cost items in the outcome variable pool and cost drivers may not be present.
• E) There is no causal, economically plausible relationship between individual cost items in a heterogeneous mixed pool and a single cost driver.

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Definitions:

Criterion-Referenced Testing

involves evaluating and scoring a test taker's performance based on a specific set of criteria or standards, rather than comparing it to the performance of a peer group.

No Child Left Behind

A U.S. Act aimed at closing the achievement gap with accountability, flexibility, and choice, so that no child is left behind.

Norm-Referenced Testing

Testing that compares an individual's performance or scores to a norm group or standard to evaluate relative standing.

T Scores

Standardized scores on psychological and educational tests that have a mean of 50 and a standard deviation of 10, used to compare individual performance against a normative sample.