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Define What Is Meant by Reliability and Validity in the Employment

question 30

Essay

Define what is meant by reliability and validity in the employment selection context,and discuss the relationship of reliability to validity.


Definitions:

Sales Forecast

An estimate of the amount of sales that a business expects to achieve in a future period.

Finished Goods Inventory

Finished Goods Inventory consists of all completed products that are ready for sale but have not been sold yet.

Production Units

The measurable amount of goods or services produced over a specific period of time.

Master Budgeting

A comprehensive financial planning document that encompasses all of a company’s budgets, including sales, production, and financial budgets.

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