What is an online survey panel?
Online survey panels are panels where you get paid survey for filling out. But why will companies pay you for filling in surveys? These surveys help companies to have a deep understanding of customers’ opinions. This way, companies do market research. That is why you should not miss the opportunity and try to join survey panel.
Are these surveys legit?
Yes, these paid surveys are legit. Companies can offer you a reward for filling out the survey. However, there are many scam websites as well, making it vital for you to be aware of them and avoid them.
Now, if you’re thinking about how to check whether the website is authentic. Here are some tips which will help you to differentiate between a reliable website and a scam one:
- If a website asks you for registration fees, then that website can be a scam, as legitimate websites don’t ask for fees. They are free.
- Check whether a website asks you for personal or sensitive information. If it does, it might be fake, as a reliable website won’t ask for such private information.
- If a website offers you high rewards, that website can be a scam website, as legitimate websites offer you market rates.
- If you receive an email from any website in your spam, then you need to avoid that website as that website can be a scam website.
There are other ways as well that can help you to identify a scam and an authentic website. You can search for them in more detail if you like.
Why should you choose an online survey?
Paying surveys is the best choice if you are looking for a convenient job. These surveys are super convenient as you can do them anytime, anywhere. Moreover, if you are trying to earn extra money, it is also a good choice as these surveys don’t replace a full-time job. People choose them as they can carry out this side job. They don’t even require a schedule; you can work according to yourself. That means you can be your own boss.
This way, they can increase their earnings, and you don’t have to put a lot of effort into these surveys. Most importantly, these surveys don’t require any schedule you need to follow. You can be your boss. All you need to have to fill in surveys is a device and an internet connection.
How do you get paid for doing these surveys?
Paid survey sites use many ways to reward their participants. They can offer you gift vouchers, money, or some other kind of reward. It depends on the website what they offer you as a reward. Moreover, there are many payment methods as well which are used to give you your reward.
Every website has different payment methods as they have different rewards. If a website is offering you a gift voucher, they may use different kinds of apps to give out the voucher, like Amazon, etc. Consider this before you sign into a website; see what reward the site offers and what payment method they use.
How to take an online survey?
Step 1: Select a survey site.
There are hundreds of websites and companies around the world which are offering you these surveys. These surveys are easy to fill in, and many websites offer them. You must be careful when choosing a survey site, as there are many scam websites. It would be best if you researched the website properly before proceeding. The best way to identify a website, whether reliable or not, is by reading its reviews. You can read the above tips also to learn about the differences between a scam and a reliable website.
Step2: register yourself
Joining a survey site is very easy. After you have found a reliable website, you need to create an account. You will be presented with an online registration form, which will ask you basic questions like your email address, date of birth, etc. Some websites even have a more straightforward process, allowing participants to join using their Facebook, google accounts, etc. An extra tip is that some websites offer you a reward for even signing up, so you should take advantage of these opportunities.
Step3: take surveys
After creating a free account, you need to take out the surveys. The website is going to send you the link to the surveys through your email. You also need to check your email regularly, as other websites may also send you links to the surveys through email. You need to enter your email and press the link to open the survey. After pressing, you need to answer the survey questions honestly. You don’t need to rush while filling out the survey as you need to answer every question carefully, as there might be some tricky questions so that the participants thoughtfully answer them.
Step4: cash-out
After completing a few surveys, you should log in to your survey panel account and see the balance. Please don’t check the balance to be sure you are correctly credited for surveys but seeing your account balance grow is satisfying. You will be able to see the points you have paid so far, and the amount these points will be making will also be shown. After you are done and want to cash out your money, you can go and cash your money out of your account. You need to cash out your money by seeing which payment method is used by website, then you will also need to use that method to get your money.
Conclusion
If you are looking for information about online survey panels, this article is just right for you. You will find out what these surveys are, why you need to take them, and how you can take them. You will find all possible information on the survey panel in this article. However, there is more information that you can look into it. You can search for it in more detail if you are interested in it.
Absorption Costing MCQs with Answers Explanation Engineering ECE
What Is Absorption Costing?
Absorption costing, also known as the all-encompassing, all-inclusive, or comprehensive costing method, is a sophisticated and perplexing managerial accounting framework that attempts to incorporate all expenses that are linked to the production of a particular product. This method is highly intricate and involves a copious amount of calculations and analyses to arrive at the total cost of production.
Every minuscule expense, whether direct or indirect, such as raw materials, labor, rent, utilities, depreciation, maintenance, insurance, and every other associated cost, is taken into account to determine the total cost of the product. The complexity of this method is staggering, and it requires extensive knowledge of accounting principles, an understanding of manufacturing processes, and advanced analytical skills to execute.
However, despite its complexity, absorption costing is still widely used in the industry due to its comprehensive approach to providing an accurate picture of the cost of production. Moreover, under the generally accepted accounting principles (GAAP) in the United States, absorption costing is an approved method for external reporting. In contrast, variable costing is prohibited, adding to the confusion and perplexity surrounding this topic.
Which of the following costs would NOT be included in the cost of goods sold calculation under absorption costing?
a) Direct materials
b) Direct labor
c) Variable manufacturing overhead
d) Fixed manufacturing overhead
Answer: c) Variable manufacturing overhead
Explanation: Under absorption costing, both fixed and variable manufacturing overhead costs are included in the cost of goods sold calculation. Direct materials and direct labor costs are also included.
When production exceeds sales, absorption costing will result in:
a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: a) Higher net income than variable costing
Explanation: When production exceeds sales, there will be more fixed manufacturing overhead costs that are absorbed into the cost of goods sold calculation under absorption costing. This results in a higher net income compared to variable costing, which only includes variable manufacturing costs in the cost of goods sold calculation.
Which of the following statements is true about absorption costing?
a) It is used for external reporting purposes
b) It is used for internal decision-making purposes
c) It is the same as variable costing
d) None of the above
Answer: a) It is used for external reporting purposes
Explanation: Absorption costing is required for external financial reporting purposes, such as on the income statement and in financial statements. Variable costing, on the other hand, is often used for internal decision-making purposes.
In a period of increasing production and sales, absorption costing will result in:
a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: c) The same net income as variable costing
Explanation: When production and sales increase, absorption costing and variable costing will result in the same net income. This is because there will be fewer fixed manufacturing overhead costs per unit under absorption costing, but there will also be more units sold.
