The Two Types of Bias in the Context of Criterion-Related

question 29

Multiple Choice

The two types of bias in the context of criterion-related validity, especially predictive validity are __________.

• A) intercept and slope bias
• B) intercept and response bias
• C) response and slope bias
• D) integral and incidental bias

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Definitions:

Insurance

A contractual arrangement that provides financial protection or reimbursement against losses from an insurance company.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and generating profit.

Indirect Expenses

Indirect expenses are costs that cannot be directly attributed to a specific cost object, such as overhead or administrative expenses.

Direct Expenses

Direct expenses are costs that can be directly tied to the production or procurement of specific goods or services, such as raw materials and labor.