Reliability Is

question 48

Multiple Choice

Reliability is:

• A)a matter of whether a particular technique,applied repeatedly to the same object,would yield the same results each time
• B)a matter of ensuring accuracy alone
• C)a matter of ensuring that the measure measures what one thinks it should measure
• D)a matter of ensuring precision alone
• E)a matter of ensuring both accuracy and precision

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Definitions:

Amounts

Amounts refer to the quantities or sums of money involved in financial transactions or measurements.

Net Present Value

A calculation that compares the value of money now with the value of that money in the future, accounting for inflation and returns.

Lockbox System

A service offered by banks to companies for the receipt of payment from customers, involving the collection and processing of cheque payments at a secure location.

Collection Time

The average period a company takes to collect payments owed by its customers.