Why Does the Current Edition of Standards for Educational and Psychological

question 2

Multiple Choice

Why does the current edition of Standards for Educational and Psychological Testing reject face validity?

• A)By definition, all tests have face validity.
• B)Face validity in not technically a type of validity.
• C)No reliable measures of face validity have been found.
• D)Face validity is irrelevant.

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Definitions:

Variable Costing

A costing method that includes only variable production costs (direct material, direct labor, and variable manufacturing overhead) in product costs.

Net Operating Income

A company's total earnings from its operations, excluding non-operating income and expenses, interest, and taxes.

Absorption Costing

This accounting strategy entails calculating a product's cost by including all costs related to its manufacturing, comprising direct materials, direct labor, and all categories of manufacturing overhead, both variable and fixed.

Variable Costing

A costing method that includes only variable production costs (direct materials, direct labor, and variable overhead) in product costs, excluding fixed overhead.