If a Selection Device Measures the Same Thing Consistently, It

question 77

Multiple Choice

If a selection device measures the same thing consistently, it demonstrates ________.

• A)reliability
• B)understandability
• C)validity
• D)relevance
• E)predictability

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Definitions:

Standard Costs

A measurement of the expected cost of producing or acquiring goods under normal conditions.

Financial Expertise

Specialized knowledge and skills in finance, enabling an individual to make informed money management decisions.

Production Area

Part of a business where goods are manufactured or assembled.

Controllable Variance

The difference between the actual amount of variable factory overhead cost incurred and the amount of variable factory overhead budgeted for the standard product.