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A Group of People Took a New IQ Test Twice

question 71

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A group of people took a new IQ test twice. Nearly all of those who did well the first time they took it also did well the second time. Nearly all those who did poorly the first time did poorly again the second time. Therefore, this test has __________ reliability and __________ validity.


Definitions:

Inventory Turnover

A financial ratio indicating how many times a company's inventory is sold and replaced over a specified period, assessing efficiency in managing stock.

Financial Statements

Records that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Stock Market

The stock market is a collection of markets and exchanges where the buying, selling, and issuance of shares of publicly-held companies take place.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financial activities.

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