Which of the Following Is Concerned with Monitoring Estimates of Future

question 34

Multiple Choice

Which of the following is concerned with monitoring estimates of future performance?

• A)content validity
• B)construct validity
• C)concurrent validity
• D)predictive validity

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Definitions:

High-Low Method

An accounting technique used to estimate the variable and fixed components of a company's costs, based on the highest and lowest levels of activity.

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting.

Non-Manufacturing Costs

Expenses that are not directly related to the production of goods, including selling, general, and administrative expenses.

Prevention Cost

Expenditures incurred to avoid defects in products or services, including costs associated with quality planning and assurance.