The Extent to Which Good Performance on a Test Correlates

question 21

Multiple Choice

The extent to which good performance on a test correlates with high marks on a performance review is an example of:

• A) criterion-related validity.
• B) content validity.
• C) construct validity.
• D) cross-validation.

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Definitions:

Finished Goods Inventory

Products that have completed the manufacturing process but have not yet been sold or distributed to customers.

Expected Units Sold

The number of units of a product that a company anticipates selling in a particular period based on market research and sales forecasts.

Direct Materials Budget

An estimation of the quantity and cost of direct materials necessary for production, matching the production budget.

Beginning Inventory

The value of goods available for sale at the start of an accounting period.