Compare and Contrast Reliability and Validity

question 116

Essay

Compare and contrast reliability and validity. Give an example of reliability and of each type of validity. How are they used in the selection process?

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Definitions:

Raw Materials

Basic materials from which products are made, typically extracted natural resources or agricultural products.

Finished Good

A product that has completed the manufacturing process and is ready for sale to consumers or other buyers.

Internal Auditing

The independent and objective evaluation of an organization's financial and operational activities, typically performed by in-house staff.

Construction Firm

A company that specializes in building and designing infrastructure, buildings, and other architectural projects.