A Test That Measures or Predicts What It Is Supposed

question 42

Multiple Choice

A test that measures or predicts what it is supposed to is said to have a high degree of

• A)validity.
• B)standardization.
• C)reliability.
• D)the g factor.

---

Definitions:

Market Values

The current value of an asset or company based on the prices at which its securities are traded in the market.

Journal Entry

The recording of financial transactions into accounting records, or journals, indicating accounts affected, amounts, and the date.

Special Purpose Machine

A special purpose machine is designed to perform a specific manufacturing or production task and is not versatile for other uses.

Installation Cost

Expenses associated with setting up or installing an asset for use, often capitalized and amortized over the asset's useful life.