Understanding and Predicting Inventory Obsolescence Is an Important Determination for Retail

question 23

Multiple Choice

Understanding and predicting inventory obsolescence is an important determination for retail companies.When using competitor selling prices to estimate the inventory obsolescence reserve,the inventory obsolescence reserve represents which of the following?

• A) Independent variable
• B) Dependent variable
• C) Function
• D) Statistical Model

---

Definitions:

Content Validity

The extent to which a test measures all aspects of the concept it intends to measure.

Test's Reliability

The consistency with which a test measures what it is supposed to measure.

Intelligence Test

A standardized test designed to measure human intelligence, cognitive abilities, and potential for academic achievement.

Reliability

The degree to which an assessment tool or measure produces stable and consistent results over repeated applications or observations.