When One Considers Whether the Results of a Laboratory Study

question 42

Multiple Choice

When one considers whether the results of a laboratory study will actually hold up as true when applied to the world outside of the laboratory, one is considering the _____ of the findings.

• A) globalization
• B) external validity
• C) reliability
• D) expected relative-frequency probability

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Definitions:

Net Income

The profit a company holds onto after removing expenses and taxes from its earned revenue.

Operating Revenues

Income earned from a company's main business activities or operations, excluding non-operating revenue like interest or sale of assets.

Operating Expenses

Regular costs incurred in the process of running a business, such as rent, utilities, and payroll, that do not include the cost of goods sold.

Interest Expense

The cost incurred by an entity for borrowed funds.