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When Yanping Entered College,she Was Unsure About Which Major to Choose.She

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When Yanping entered college,she was unsure about which major to choose.She took a vocational interest test that indicated that she was highly analytic and should choose a math-based major.This spring she will graduate with honors with a mechanical engineering degree.The test Yanping took appears to have good ____validity.


Definitions:

Prior Period Adjustment

Adjustments made to the accounts to rectify errors or omissions in the financial statements of previous periods.

Deficit

A situation where expenditures exceed revenue, leading to a shortfall that must be financed through borrowing or using savings.

Earnings Per Share

A financial ratio that measures the portion of a company's profit allocated to each outstanding share of common stock, indicating the company’s profitability.

Cash Dividends

Cash distributions to shareholders from a company's earnings.

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