Incremental Validity Addresses the Question of Whether ______

question 34

Multiple Choice

Incremental validity addresses the question of whether ______.

• A) adding another test to a test battery already in use would improve its predictive capability
• B) the reliability of the combined test battery would be improved by the addition of another test
• C) the client would believe that the additional expense of another test would be justified
• D) the addition of another test would make the client feel that his condition was getting worse

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Definitions:

Price Elasticity of Demand

Gauging the sensitivity of the amount of a product consumers want to buy when its price changes.

Uniqueness

Refers to the quality of being the only one of its kind; distinctiveness.

Consumer's Budget

is the total amount of income available to an individual or household to spend on goods and services or to save, after taxes.

Elastic Demand

A situation where the quantity demanded of a product changes significantly in response to changes in the product's price.