Criterion Validity Can Be Established When the Scores Obtained on One

question 26

Essay

Criterion validity can be established when the scores obtained on one measure can be accurately compared to those obtained with a more direct or already validated measure of the same phenomenon. Provide two examples of additional measure that you feel could be used to valid findings on self-reported criminal activity.

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Definitions:

Opportunity Costs

A rephrased definition: The potential gains or benefits that are lost when choosing one alternative over another in decision-making.

Gross Margin

The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.

Income Statement

A financial statement that shows a company’s revenues, expenses, and profits or losses over a specific period.

Committed Fixed Cost

Expenses a company has committed to, unrelated to its level of production or business activity.