What Three Attributes Are Used to Determine the Reliability of an Instrument

question 13

Multiple Choice

What three attributes are used to determine the reliability of an instrument?

• A) Equivalence, stability, and internal consistency
• B) Stability, validity, and accuracy
• C) Stability, equivalence, and validity
• D) Validity, accuracy, and internal consistency

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Definitions:

Prepaid Expense

Prepaid Expense represents payments made in advance for goods or services to be received in the future, recognized as an asset until the benefit is consumed.

Insurance Policy

A contract between an insurer and policyholder specifying the terms and conditions under which the insurer agrees to compensate the policyholder for specified losses.

Paid

Refers to the status of an account or invoice on which the due amount has been settled.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.