Test Validation Is the Ongoing Process of Providing Information That

question 20

Multiple Choice

Test validation is the ongoing process of providing information that a test is performing correctly. The components of validation include all the following, except

• A) quality control.
• B) specimen requirements.
• C) proficiency testing.
• D) instrument calibration.

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Definitions:

Unadjusted Trial Balance

A financial report that lists all the accounts and their balances from the ledger before any adjusting entries are made, used to verify the equality of debits and credits.

Ending Accounts Receivable

Ending accounts receivable is the amount of money owed to a company by its customers for goods or services delivered but not yet paid for at the end of an accounting period.

Maturity Date

The date on which the principal amount of a bond, loan, or other financial instrument becomes due and payable.

Amount Due

The total sum of money owed for goods or services provided, payable by a certain date.