When a Measure Being Used in a Research Study Produces

question 78

Multiple Choice

When a measure being used in a research study produces a consistent index of a characteristic, it would be described as being

• A) reliable.
• B) valid.
• C) standardized.
• D) experimental.

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Definitions:

Socially Unproductive

Activities or behaviors that do not contribute to, or may detract from, societal welfare or economic efficiency.

Consumer Surplus

The disparity between what consumers are prepared and capable of paying for a product or service, and what they end up paying in reality.

Loss

The negative financial result from an investment or business operations, where expenses exceed revenues.

Regulatory Lag

The delay between the identification of a need for regulatory intervention and the implementation of regulatory policies or actions.