Which Term Refers to the Degree to Which Inferences Drawn

question 35

Multiple Choice

Which term refers to the degree to which inferences drawn from interviews, test scores, and other selection procedures are supported by evidence (such as good job performance) ?

• A) evidential
• B) accuracy
• C) reliability
• D) validity

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Definitions:

Temporal Method

An accounting method used to translate foreign currency financial statements into the reporting currency of a parent company, focusing on the timing of transactions.

Ending Inventory

The total value of all inventory a company has in stock at the end of an accounting period.

Average Cost

An inventory costing method where the cost of goods sold and ending inventory is determined by averaging the cost of all purchases.

Consolidated Statement of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company, taking into account both its subsidiaries and parent company.