If a Test Accurately Measures What It Was Designed to Measure

question 162

Multiple Choice

If a test accurately measures what it was designed to measure, we would say that the test is

• A) valid.
• B) empirical.
• C) normative.
• D) consistent.

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Definitions:

Unit Fixed Costs

Unit fixed costs refer to the costs that do not vary with the level of output or activity within a certain range of production or sales.

Total Variable Cost

The sum of all costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Discretionary Fixed Cost

Fixed costs that are not directly related to production and can be changed or eliminated at management's discretion.

Insurance

A financial product providing protection against potential future losses or damages.