Validity Evidence Is to ________ as Item Analysis Is to ________

question 10

Multiple Choice

Validity evidence is to ________ as item analysis is to ________.

• A)the entire instrument; qualities of each item
• B)validity; reliability
• C)accuracy; specificity
• D)new instrument; old/outdated instrument

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Definitions:

Option Contract

An option contract is a financial derivative that confers the right, but not the obligation, to buy or sell an asset at a set price on or before a certain date.

Forward Contract

A customizable financial contract between two parties to buy or sell an asset at a specified price on a future date.

Option Price

The price at which the holder of an option can buy (call option) or sell (put option) the underlying asset.

Forward Price

The agreed-upon price for a financial transaction that will occur at a future date.