To Test the Validity of Your Selection Device for Widget

question 43

Multiple Choice

To test the validity of your selection device for widget makers,you have given it to the present widget makers in your company and correlated it with their latest performance appraisal scores.What type of validation have you used?

• A) Predictive
• B) Concurrent
• C) Content
• D) Construct
• E) Practical

Grasp the concept and examples of the imaginary audience and personal fable in adolescent thought processes.

Understand the nature of hypothetical thought and its relationship to formal operational thinking.

Recognize the characteristics and examples of inductive reasoning and its counterpart in human cognition.

Identify factors influencing the development and use of analytic thought during adolescence.

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.

Inferior Goods

A good that has a negative income elasticity, so that as consumer income rises, the demand for the good falls.

Normal Goods

Goods for which demand increases as the income of individuals increases.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.