The Pop-Psych Tests Found in Magazines and Newspapers Usually

question 314

Multiple Choice

The pop-psych tests found in magazines and newspapers usually:

• A) have not been evaluated for validity or reliability.
• B) have been evaluated for validity and reliability.
• C) have not been evaluated for validity but are reliable tests.
• D) have not been evaluated for reliability but are valid tests.

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Definitions:

Equity Method

An accounting technique used to assess the earnings of an investment in another company by recognizing the income earned proportional to ownership interest.

Accounting Principle

A guideline or rule that shapes the theoretical basis for accounting practices and financial reporting.

Intra-entity Gross Profits

Profits realized from transactions conducted within the same legal entity, often requiring elimination for accurate consolidated financial reporting.

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, by recording profits proportional to their ownership percentage.