A Weighing Scale That Consistently Tells Susie That She Is

question 34

Multiple Choice

A weighing scale that consistently tells Susie that she is 115 pounds-5 pounds lighter than she really is-every time she stands on the scale is __________,but not _____________.

• A)valid; reliable
• B)not valid; reliable
• C)not reliable; valid
• D)reliable; valid
• E)wrong; reliable

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Definitions:

Income Sharing Ratio

The proportion or percentage in which partners in a business agree to distribute the profits and losses among themselves.

Capital Balances

This term refers to the amounts of money partners in a partnership have contributed or that represents their share of ownership.

Replacement Cost

The current cost of replacing an asset with a similar new asset in terms of capability and function.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.