A New Test Determines Your Score by Dividing Your Telephone

question 101

Multiple Choice

A new test determines your score by dividing your telephone number into your social security number, and then multiplying by 100. This test probably has

• A) high reliability and high validity.
• B) high reliability and low validity.
• C) low reliability and high validity.
• D) low reliability and low validity.

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Definitions:

Accounting System Design

The process of defining the structure, components, and processes of an accounting system tailored to meet specific financial reporting and management needs.

Internal Controls

Systems and procedures implemented by a company to ensure the integrity of financial and accounting information.

Information Processing

The collection, manipulation, storage, retrieval, and classification of information.

Revenue Journal

An accounting ledger dedicated to recording sales transactions that generate revenue for a business.