Explain Why External Validity Is the Priority in Generalization Mode

question 58

Essay

Explain why external validity is the priority in generalization mode but not in theory-testing mode.

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Definitions:

Accounts Receivable

Funds that customers owe to a business for products or services already provided but not yet compensated for.

Notes Receivable

Financial assets representing written promises for future receipt of cash.

Accounts Payable

A liability account that tracks money owed by a business to suppliers or creditors for goods and services purchased on credit.

Notes Payable

A financial liability on a company's balance sheet representing promissory notes that require future payments of principal and possibly interest.