If a Person Is Asking Whether the Variables in an Association

question 8

Multiple Choice

If a person is asking whether the variables in an association claim are measured appropriately, is being interrogated.

• A)construct validity
• B)external validity
• C)internal validity
• D)statistical validity

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Definitions:

Expense Recognition Principle

Accounting principle that dictates expenses should be recognized in the period in which they are incurred to generate revenues.

Accounting Period

This is a specific duration of time for which financial statements are prepared to understand and evaluate a company's financial performance.

Earned

Refers to income or revenue that a company has generated from its operations or business activities.

Adjustments

Records documented in the financial accounts at the end of a fiscal period to distribute revenues and expenses to the timeframe in which they were truly incurred.