With Regard to the Process of Measurement, Which of the Following

question 82

Multiple Choice

With regard to the process of measurement, which of the following statements is true?

• A) For measurement to be reliable, it must be valid.
• B) For measurement to be valid, it must be reliable.
• C) All measurement is both reliable and valid.
• D) Consistency does not guarantee validity.

---

Definitions:

Inputs

Resources used in the production process, including labor, capital, materials, and energy.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Total Revenue

The overall income generated by a business from its sale of goods or services, calculated as the price per unit times the number of units sold.

Elasticity Of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.