When Developing Measures, It Is a Good Idea to Give

question 53

True/False

When developing measures, it is a good idea to give each rater some license to interpret the meaning of scores as fits the specific situation.

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Definitions:

Incurred

Refers to a cost that has been realized or a liability that has been acquired during a specific period.

Statement of Cash Flows

An overview of a company's cash transactions, detailing money coming in from operational efforts and investment activities, and money going out to cover the costs associated with these activities during a specific period.

Reliable

The quality of being consistently accurate and dependable, often used to describe data, methods, or instruments that yield similar results across repeated trials.

Valid

Refers to the extent to which a test measures what it claims to measure.