The Extent to Which a Measure Is Consistent Is Referred

question 134

Multiple Choice

The extent to which a measure is consistent is referred to as _____________; whereas the extent to which a measure actually measures the construct it is intended to measure is called ___________.

• A)fluid state; crystallized state
• B)internal validity; external validity
• C)reliability; validity
• D)validity; reliability

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Definitions:

Flexible Cash

Funds that are readily available for use without restrictions or conditions, allowing for immediate allocation or investment.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on.

Trading Costs

Expenses associated with buying and selling securities, including broker commissions and the bid-ask spread.

Total Costs

The sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.