If a Test Has a Validity Coefficient of

question 44

Multiple Choice

If a test has a validity coefficient of .50, the coefficient of determination is:

• A)1.00
• B).25
• C).50
• D)2.50

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Definitions:

Unilateral Contract

A contract where one party makes a promise in exchange for an act by another party, becoming binding upon the performance of the act.

Past Consideration

In contract law, a benefit or service previously performed and therefore cannot serve as consideration for a current contract.

Fair Market Value

The price that property would sell for on the open market between a willing buyer and a willing seller, each having reasonable knowledge of all relevant facts.

Valid Consideration

Anything of value promised to another when making a contract that is legal and results in the formation of a binding agreement.