A Test That Is Consistent in Measuring What It Is

question 53

Multiple Choice

A test that is consistent in measuring what it is supposed to measure is considered to have

• A)reliability.
• B)generalizability.
• C)validity.
• D)constructability.

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Definitions:

Plan Assets

Assets that are held within a pension or retirement plan for the purpose of funding participant benefits.

Actuarial Loss

A loss recognized when the actual experience under a pension plan deviates from expected assumptions, resulting in increased liabilities or decreased assets.

Unrecognized Actuarial (Gain)Loss

Financial gains or losses in pension plans or other post-employment benefit plans that have not been recognized in financial statements.

Income Statement Reporting

The process of presenting revenue, expenses, and profits or losses over a specific period in an income statement.