Although Participants Routinely Scored About the Same Every Time,the New

question 14

Multiple Choice

Although participants routinely scored about the same every time,the new fire fighters aptitude test showed almost no correlation to their actual performance.Hence,it can be inferred that this new test is:

• A)reliable and valid.
• B)reliable but not valid.
• C)not reliable but valid.
• D)not reliable and not valid.

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Definitions:

Fiscal Year

The one-year period a company or government uses for accounting purposes and preparing financial statements.

Operating Cycle

The process by which a company spends cash, generates revenues, and receives cash either at the time the revenues are generated or later by collecting an accounts receivable.

Federal Government

The national government of a country, which holds the primary authority over the nation and implements laws, policies, and regulations across the entire country.

Adjusted Trial Balance

A financial statement that lists all accounts and their balances after adjustments have been made.