"The Questions Make Sense to the Person Reading Them and the Wording

question 83

Multiple Choice

"The questions make sense to the person reading them and the wording of the questions seems to fit the type of information desired." In regard to personality inventories, which type of validity is defined by the preceding statement?

• A) Predictive
• B) Face
• C) Construct
• D) Analytic

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Definitions:

Quantity Effect

the change in the quantity of goods sold or consumed as a result of a change in price, holding other factors constant.

Profit

The financial gain or surplus remaining after all operating expenses, taxes, and costs have been subtracted from total revenue.

Duopoly

A market structure dominated by two firms, often leading to strategic behaviors and outcomes different from those in more competitive markets.

Two Firms

Refers to a market situation often analyzed in oligopoly models where only two companies dominate the supply in the market.