Which Two Validation Strategies Below Help Us to Establish Evidence

question 6

Multiple Choice

Which two validation strategies below help us to establish evidence of construct validity?

• A) analysis of variance and multitrait, multimethod analysis
• B) convergent evidence of validity and discriminant evidence of validity
• C) coefficient alpha and test-retest reliability
• D) construct explication and nomological networks

Understand the concept of price elasticity of demand and its calculation.

Grasp the effect of price elasticity on total revenue.

Distinguish between perfectly inelastic and perfectly elastic demand curves.

Recognize how the availability of substitutes affects the elasticity of demand.

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people, where desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Social Psychologists

Scientists who study how individuals think, influence, and relate to one another in social contexts.

Cohesiveness

The degree to which members of a group or social unit feel bonded together and committed to each other.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics or being influenced by peer pressure.