You Have Designed a New Intelligence Test and Want to Make

question 155

Multiple Choice

You have designed a new intelligence test and want to make sure that it is a good test. So, you have a group of students take the test and then have a number of their professors rate them as high or low in intelligence. You want to see if the scores are similar. You are testing for

• A) internal consistency
• B) content validity
• C) criterion-related validity
• D) construct validity
• E) test-retest reliability

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Definitions:

Variable Costs

Variable costs are expenses that change in proportion to the activity of a business, such as raw material costs, which vary with production volume.

Fixed Costs

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

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in no net profit or loss.

Fixed Costs

Static expenses that are independent of production or sales volumes, including costs like rental fees, salary payments, and insurance.