If a Person Scores a 70 on an Intelligence Test

question 96

Multiple Choice

If a person scores a 70 on an intelligence test on one day and scores 110 when retested on another day,you might conclude that this test is ________.

• A) valid
• B) reliable
• C) unreliable
• D) inconsistent

---

Definitions:

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Financial Statements

Formal records that outline the financial activities and conditions of a business, individual, or other entity.

Plant and Equipment

Tangible long-term assets owned by a firm, used in the production or supply of goods and services, such as machinery and buildings.

Functional Currency

The primary currency used by a business or entity in its operations and financial reporting.