Which of the Following Statements Is True

question 19

Multiple Choice

Which of the following statements is true?

• A) Tests which have not been revised in the last ten years should not be used.
• B) Tests with dated content should never be used.
• C) Newer tests are not necessarily better than their older counterparts.
• D) Always choose the newest available measure of a construct.

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Definitions:

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource, commonly applied in economics.

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding other inputs constant.

Variable Input

A variable input is one whose amount can be adjusted in the short term to either raise or lower output levels.

MRP

Acronym for Marginal Revenue Product, which measures the addition to total revenue resulting from the sale of the output produced by one more unit of a variable input.