On Monday, Sal Took a Test Developed to Measure Levels

question 170

Multiple Choice

On Monday, Sal took a test developed to measure levels of sensation seeking and obtained a score of 13; he took the same test one week later and obtained the same score. Based on this information, you can most accurately conclude that the test is likely to be:

• A) standardized.
• B) reliable.
• C) valid.
• D) normed.

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Definitions:

Break-even Chart

A graphical representation that shows when a business's costs will be exactly covered by its income.

Variable Costs

Costs that vary directly with the level of production or sales, such as materials and labor costs.

Fixed Costs

Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance.

Variable Costs

Expenses that change in proportion to the activity of a business, such as the cost of raw materials or production volume.