If Scores on a Test Are Attributed with Great Utility,then

question 30

Multiple Choice

If scores on a test are attributed with great utility,then it's MOST probably the case that the scores are

• A) reliable.
• B) valid.
• C) Both reliable and valid.
• D) None of these

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Definitions:

Sales Discounts

A reduction in the price of goods or services offered to customers, usually as an incentive for early payment or bulk purchases.

Net Sales

The amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and discounts.

Account Receivable

Accounts Receivable are amounts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Write Off

An accounting action taken to recognize that an asset has lost its value and is removed from the balance sheet.