Which Statement About Reliability and Validity Falls Short of Meeting

question 225

Multiple Choice

Which statement about reliability and validity falls short of meeting high professional standards for tests?

• A) As long as a test is high in reliability, it is fine if it is low in validity.
• B) A valid test should accurately measure what it claims to measure.
• C) A reliable test should provide consistent results regardless of who administers it.
• D) The best tests are high in both reliability and validity.

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Definitions:

Outstanding Cheques

Cheques issued by a company that have not been deposited or cashed by the recipient by the end of the accounting period.

Liquidity

The ease with which an asset can be converted into cash without significantly affecting its price, reflecting the ability of a company or individual to meet immediate and short-term obligations.

Precautionary Motive

The desire to hold cash or other liquid assets to meet unexpected needs and financial emergencies.

Financial Slack

The availability of excess funds or resources in a company that allows for flexibility in operations, strategic investments, or weathering financial uncertainties without immediate financial stress.