Validation Consists of All of the Following EXCEPT

question 31

Multiple Choice

Validation consists of all of the following EXCEPT:

• A) developing a model with high face validity.
• B) validating model assumptions.
• C) developing logical flowcharts.
• D) validating model output.

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Definitions:

Tax Rate

The proportion of income that is taken as tax from a person or business.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net assets, representing future economic benefits.

Deferred Income Tax Liability

A financial accounting term representing taxes that are owed but not yet paid, resulting from temporary differences between the IRS and accounting methods.

Income Tax Rate

The fraction of one's earnings or a company's profits that must be paid in taxes.