A Study Is ________ If the Same Questions, Asked of a Similar

question 37

Multiple Choice

A study is ________ if the same questions, asked of a similar sample, produce the same findings.

• A) valid
• B) reliable
• C) subjective
• D) legitimate
• E) objective

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Definitions:

Diseconomies of Scale

A situation where, as a firm's production scales up, the costs per unit increase, contrary to economies of scale.

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, and the firm can change its scale of operation.

Opportunity Cost

The expense incurred by not choosing the second-best option available during the decision-making process.

Bank Loan

A sum of money borrowed from a bank that must be repaid with interest over a set period.