The Strength of the Relationship Between a Predictor and Performance

question 81

Multiple Choice

The strength of the relationship between a predictor and performance is called ________.

• A) reliability
• B) validity
• C) utility
• D) instrumentality

---

Definitions:

Underapplied Factory Overhead

The amount of actual factory overhead in excess of the factory overhead applied to production during a period.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly involved in creating the product.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting purposes, which might not align with the calendar year.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual units of production, based on direct labor hours, machine hours, or any other measurable activity.