If a Researcher Is Concerned with Whether a Particular Measurement

question 48

Multiple Choice

If a researcher is concerned with whether a particular measurement technique will, after repeated measures, yield the same results, they are concerned with _____.

• A)accuracy
• B)reliability
• C)d. precise measurement
• D)validity

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Definitions:

Economic Profit

The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.

Profit-maximizing

The process or strategy aiming to achieve the highest possible profit from business operations, often involving adjusting prices, output, and costs.

Total Revenue

The total amount of money generated by a business from the sale of goods or services before any expenses are subtracted.

Output

The amount of something produced by a person, machine, or industry.