Construct Validity Indicates That Your Measuring Instrument Has the Ability

question 76

True/False

Construct validity indicates that your measuring instrument has the ability to predict or agree with constructs external to that which you are measuring.

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Definitions:

Liability Accounts

These accounts record obligations or amounts owed by a business to creditors, which can include loans, accounts payable, mortgages, and other debts.

Wages Payable

A liability account that records the amounts owed to employees for work performed that have not yet been paid.

Accounts Receivable

Funds that customers owe to a company for products or services provided but for which payment has not been received.

Unearned Revenue

Money received by a business for services or products yet to be delivered or provided, recognized as a liability on the balance sheet.