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Describe the concepts of reliability and validity as they pertain to measurement. Explain why these concepts are important.
Corporation
A legal entity separate from its owners, with rights and responsibilities, capable of entering contracts, suing, and being sued.
Business Segment
A division within a company that generates revenues and incurs expenses related to different products, services, or geographic areas.
Financial Results
The outcome of a company's activities in monetary terms, typically expressed in terms of revenue, profit, or loss over a specific period.
Discontinued Segment
A part of a business that has been sold off, shut down, or is no longer operating as a distinct unit.
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