Micah Developed a Psychological Measure Intended to Assess a Person's

question 58

Multiple Choice

Micah developed a psychological measure intended to assess a person's level of conscientiousness. However, after several pilot studies of the psychological measure it appears that the measure actually assesses a person's level of obsessiveness. Micah's conscientiousness measure would best be described as:

• A) not reliable for the intended purpose.
• B) not valid for the intended purpose.
• C) reliable for the intended purpose.
• D) valid for the intended purpose.

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Definitions:

Contribution Margin Ratio

The percentage of sales revenue that exceeds variable costs, indicating how much sales contribute to fixed costs and profit.

Budgeted Sales

Projected sales figures that are estimated by a business for a future accounting period, used for planning and strategic purposes.

Operating Income

A measure of a company's profitability that excludes non-operating income and expenses, focusing on core business activities.

Fixed Costs

Expenses that remain constant regardless of the business's production or sales activity, including insurance and lease payments.