Identify the Example of Sunk Cost from the Following

question 62

Multiple Choice

Identify the example of sunk cost from the following.

• A)A higher wage demanded by the labor union
• B)Failure to meet the annual sales target
• C)The lumber used to produce office furniture
• D)Raw materials damaged by fire in the warehouse

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Definitions:

Content Validity

The degree to which a test or assessment measures all facets of the concept it intends to measure.

Internal Consistency

A measure of reliability; the degree to which different test items that propose to measure the same general construct produce similar results.

Odd-even Reliability

A measure of internal consistency reliability where a test is split into two parts (odd and even items) to assess the consistency of results across these halves.

Parallel Form Reliability

The consistency of test scores across different versions of a test designed to be equivalent in terms of content and difficulty level.