Choose One Type of Reliability and One Type of Validity

question 45

Essay

Choose one type of reliability and one type of validity. For each on define it and give an example about how you would establish that type of reliability or validity.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, used to compare actual performance against what should have occurred at the actual level of activity.

Static Budget

A fixed budget that does not change with the level of activity or production volume, often used for planning purposes.

Level Of Activity

A measurement of the volume of production or operations within a business, which can affect various costs and efficiency metrics.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels.