Measurements Can Be Made with Varying Degrees of Precision, Which

question 4

Multiple Choice

Measurements can be made with varying degrees of precision, which refers to the fineness of the distinctions made between the attributes that compose a variable. The key standards for measurement quality are _____.

• A) reliability and accuracy.
• B) validity and timeliness.
• C) reliability and consistency.
• D) reliability and validity.

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Definitions:

Semiannually

Occurring twice a year; a term often used to describe the payment schedule of interest or dividends.

Amortization of Discount

The gradual reduction of a bond discount over its life, affecting the issuer's interest expense and balance sheet.

Book Value

The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus any depreciation, amortization, or impairment costs.