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Columbus Company provides the following ABC costing information:
The above activities used by their three departments are:
How much of the total cost will be assigned to the Plowing Department?
Validity
The degree to which a tool, test, or measure accurately represents or measures what it claims to.
Variability
The extent to which data points in a set differ from each other and from the average, indicating the spread or dispersion.
Reactivity
The tendency of participants to change their behavior due to the awareness of being observed or studied.
Internal Consistency Reliability
Reliability assessed with data collected at one point in time with multiple measures of a psychological construct. A measure is reliable when the multiple measures provide similar results.
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