Which of the Following Approaches to Test Construction Is the MOST

question 23

Multiple Choice

Which of the following approaches to test construction is the MOST atheoretical?

• A) rational
• B) factor analytic
• C) content validation
• D) empirical

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Definitions:

Purchase Discounts

Reductions in the price of goods that a buyer is entitled to for early payment or volume purchases.

Freight-In

Costs associated with bringing inventory to a business location, typically included in the inventory cost.

GAAP

Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, commonly the U.S.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net income.