Persons Who Were S Shareholders During Any Part of the Year

question 110

True/False

Persons who were S shareholders during any part of the year before the election date but were not shareholders when the election was made also must consent to an S election.

---

Definitions:

Construct Validity

A measure of how well a test or tool assesses the construct it claims to measure, indicating the appropriateness of inferences made from test scores.

True Score

The actual score that accurately reflects the variable being measured, without measurement error.

Observed Score

The actual score obtained by a participant on a test or measurement tool.

Actual Score

The true or observed value obtained from a measurement or assessment, not adjusted or transformed.