What Is External Validity

question 91

Multiple Choice

What is external validity?

• A) It is the accuracy of external measures.
• B) It is validity established outside the experimental design.
• C) It is the generalizability of research findings.
• D) It is research assessments made by peer reviewers.

---

Definitions:

Beginning Inventory

The worth of products ready to be sold at the beginning of a financial period.

Net Sales

The revenue generated from goods or services sold by a company after deducting returns, allowances, and discounts.

Markup

The difference between price and a seller’s cost of an item for sale. In dollars, it is the amount added to the cost of the goods in order to have a gross profit high enough to cover operating expenses and to make a net profit.

Lower Of Cost

An accounting principle where inventory is recorded at the lower of either its original cost or its current market value.