Predictive Validation Is Superior to Concurrent Validation Because

question 68

Multiple Choice

Predictive validation is superior to concurrent validation because:

• A)predictive valuation involves contribution from many individuals.
• B)job applicants often have no information about organizational culture.
• C)job applicants are more motivated than an organization's employees.
• D)the effort needed for predictive valuation is lesser than concurrent valuation.
• E)the time taken for predictive valuation is lesser than concurrent valuation.

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Definitions:

Variable Cost

Variable cost is an expense that changes in proportion to production output or sales volume.

Managerial Accounting

Managerial accounting involves the provision of financial and non-financial information to an organization's management team to assist in decision-making and strategy planning.

Setting Goals

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives that guide individuals or organizations.

Managerial Accounting Reports

Internal financial reports that provide managers with the necessary information to make informed business decisions, typically focused on future profitability and efficiency.