Which Best Describes Reliability

question 12

Multiple Choice

Which best describes reliability?

• A) A measurement that is ordered or ranked
• B) The consistency or reproducibility of a measurement
• C) Measurements that provide meaningful information and accurately reflect the characteristic for which the measure is intended
• D) A measurement that has a high level of relative error

---

Definitions:

Payroll

Refers to the total amount of wages, salaries, bonuses, and other compensation paid to employees by a company during a specific period.

Unearned Revenues

Unearned revenues are payments received from customers before the company has provided goods or services, reflected as a liability on the balance sheet.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.

Revenue Accounts

Accounts that track the income earned by a company from its normal business operations or other activities.