In Correlational Studies,it Is Always Possible That an Unmeasured Factor

question 93

Multiple Choice

In correlational studies,it is always possible that an unmeasured factor is responsible for the relationship observed.This complication is known as

• A) observer bias.
• B) researcher bias.
• C) the directionality problem.
• D) the third variable problem.

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Definitions:

Overhead Variances

Differences between the actual overhead costs incurred and the overhead costs that were expected or budgeted.

Controllable Variance

The difference between actual expenses and budgeted expenses that management has the ability to influence or control.

Volume Variance

The difference between the budgeted and actual volume of production, affecting fixed costs per unit and overall profitability.

Budgeted Overhead Costs

Estimated costs related to the indirect costs of production or operations planned for a specific period.