With Regard to the Process of Measurement

question 4

Multiple Choice

With regard to the process of measurement,

• A)for measurement to be reliable,it must be valid.
• B)for measurement to be valid,it must be reliable.
• C)all measurement is both reliable and valid.
• D)measurement cannot be both reliable and valid.

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Definitions:

Cost Object

An item for which costs are compiled or measured, such as a product, service, or department.

Customer Orientation

A business approach that prioritizes identifying and meeting the needs and expectations of customers.

Production System

A system involved in the creation of products or services, entailing everything from raw materials to the final output.

Direct Materials

The raw materials that can be directly attributed to the manufacturing of a product.