Reliability in the Framework of Testing Means That a Test

question 58

Multiple Choice

Reliability in the framework of testing means that a test:

• A)yields consistent results over time
• B)if taken by more than one person will show all scores to be closely related
• C)is always held at a certain time and place
• D)relates significantly to job performance
• E)measures what it is supposed to measure

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Definitions:

Entrepreneurs

Individuals who innovate, finance, and manage business ventures, often taking on greater than normal financial risks.

External Cost

Costs that a producer or consumer inflicts on a third party who is not involved in the production or consumption of the goods or services.

Economic Efficiency

A situation in which all resources in an economy are optimally distributed to serve each individual or entity in the best way while minimizing waste and inefficiency.

Competitive Market

A competitive market is a market structure characterized by a large number of buyers and sellers, where no single entity has the power to influence market prices significantly.