Manfred Is Planning on Completing an Intelligence Test Online

question 19

Multiple Choice

Manfred is planning on completing an intelligence test online.What should Manfred consider?

• A)there are serious questions about the reliability and validity of such tests.
• B)the online tests seem reliable,but may be lacking in validity.
• C)the range of online sites available yields fairly comparable intelligence test scores.
• D)the primary attribute of such tests is that they have been standardized.

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Definitions:

Percentage of Sales Basis

A method used to forecast future financial outcomes by assuming that certain expenses, net income, and balance sheet items change in direct proportion to changes in sales.

Uncollectibles

Debts from customers that are considered impossible to collect and are therefore written off as a loss.

Expense with Revenues

Represents the relationship between the costs incurred and the revenues generated in a specific period.

Direct Write-off Method

An accounting method for treating bad debts that writes off specific invoices as uncollectable only at the time they are deemed irrecoverable.