The Best Single Tool for Assessing Construct Validity Is ____

question 3

Multiple Choice

The best single tool for assessing construct validity is ____.

• A)confirmatory factor analysis
• B)regression analysis
• C)exploratory factor analysis
• D)composite analysis

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Definitions:

Nominal Wage Rate

The wage rate paid to employees expressed in current dollars, without adjustment for inflation or purchasing power.

Real Wage Rate

The purchasing power of wages, adjusted for inflation, indicating the actual goods and services that can be bought.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, like labor or capital.

Wage Rate

The amount of compensation paid per unit of time to an employee or worker for their services.