Which Statement Is TRUE

question 8

Multiple Choice

Which statement is TRUE?

• A) A test can be reliable but not valid.
• B) A test can be valid but not reliable.
• C) Test-retest is one way to measure validity.
• D) Content is an important form of reliability.

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Definitions:

Property, Plant, and Equipment

Long-term tangible assets owned by a business that are used in producing goods or providing services.

Standard Costs

Predetermined costs for materials, labor, and overhead used as a benchmark to measure actual performance against.

Direct Labor-Hours

The total hours of labor directly involved in the production of goods or services.

Direct Materials Variances

The difference between the actual costs of direct materials used in production and the standard or expected costs.