A Particular Advantage of the Standard Deviation Is That It

question 86

Multiple Choice

A particular advantage of the standard deviation is that it

• A) indicates the central tendency of a group of scores.
• B) gives the score actually obtained by the greatest number of people.
• C) does not require having to use the mean.
• D) can be used to "standardize" scores to give them more meaning.

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Definitions:

Static Planning Budget

A budget for a specific amount of sales or production that does not change as volume changes.

Activity Variance

The difference between the planned activity and the actual activity in terms of costs or hours.

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level, allowing better analysis and control of costs.

Actual Costs

The genuine expenses incurred in the production of goods or delivery of services, measured after they occur.