What Factor Is Most Important When Evaluating the Reliability and Validity

question 41

Multiple Choice

What factor is most important when evaluating the reliability and validity of agency records?

• A) who collected the data from within the agency
• B) where that data was stored (file cabinet, computer, etc.)
• C) who has access to the records
• D) how the data was collected

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed in the business within one year or within the normal operating cycle.

Investment

The allocation of resources, such as time, money, or effort, in expectation of future benefits or returns.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used, but not yet paid for.

Payables

Amounts owed by a company to suppliers or creditors for goods and services received.