Define and Distinguish Between Reliability and Validity

question 83

Essay

Define and distinguish between reliability and validity.Is it necessary for a test to be valid in order for it to be reliable? Is it necessary for a test to be reliable in order for it to be valid? Explain your decisions.

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Definitions:

Purchase Order

A commercial document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services.

Receiving a Bill

The act of recording the receipt of an invoice from a vendor for goods or services purchased on credit.

Memorized Transactions

Transactions saved in QuickBooks for future use, which can simplify repetitive billing, invoicing, and other financial processes.

Rent Payments

Monetary transactions made by a tenant to a landlord in exchange for the use of a property, typically due on a monthly basis as agreed in the lease or rental agreement.