If You Want to Know If the Items on a Test

question 24

Multiple Choice

If you want to know if the items on a test assess one and only one dimension,what type of reliability do you use?

• A)parallel forms reliability
• B)test-retest reliability
• C)interrater reliability
• D)internal consistency reliability

Assess the cost-benefit relationship in selecting for important positions.

Analyze the selection of managerial positions for international branches.

Understand the importance of effective selection in minimizing legal risks.

Learn the specific defenses against illegal discrimination claims.

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Definitions:

Reservation Price

The maximum price a consumer is willing to pay for a good or service, beyond which they would prefer not to make a purchase.

Expected Revenue

The amount of money a business anticipates receiving from the sale of goods or services over a certain period, based on predicted sales volume and price.

English Auction

A public sale where items are sold to the highest bidder, with bids openly increasing in value.

Reserve Price

The reserve price is the minimum price a seller is willing to accept for an item in an auction.