Which of the Following Is a Principle of Fairness as It

question 23

Multiple Choice

Which of the following is a principle of fairness as it relates to assessment and selection?

• A) Fairness is clearly defined in terms of psychometric properties.
• B) Fairness refers to the content of a test.
• C) Fairness is a statistical concept that can be defined quantitatively.
• D) Fairness refers to value judgments about decisions made based on assessments.

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Definitions:

Variable Expense

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.

Sales Budget

A sales budget estimates the expected sales revenue for a certain period, projecting quantities sold and revenues earned.

Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life.

Merchandise Inventory

Goods that a retailer, wholesaler, or distributor holds for the purpose of resale.