​Detailed Information About the Development of an Instrument and Psychometric

question 15

Multiple Choice

​Detailed information about the development of an instrument and psychometric properties are:

• A)​not something counselors should be concerned about.
• B)​always adequately provided by the publishers of the instruments.
• C)​very important factors to take into consideration when evaluating the potential use of an instrument.
• D)​important components that should be explained in detail to clients.

---

Definitions:

Real Options

An approach in finance where choices are treated as derivative securities that managers can use to maximise returns while deferring investment decisions.

Expected NPV

An estimation of the Net Present Value of a project or investment, considering the potential outcomes and their probabilities.

Obligation

A legal or financial duty or commitment one party owes to another, often in the form of debts or contractual agreements.

Flexibility Options

Options within contracts or agreements that allow for adjustments based on varying circumstances or needs.