An Assessment Tool That Actually Measures the Construct It Is

question 71

Multiple Choice

 An assessment tool that actually measures the construct it is intended to measure can be considered ____.

• A) reliable
• B) valid
• C) standardized
• D) effective

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Definitions:

Insurable Interest

A requirement stating that a person seeking to purchase an insurance policy must have a direct interest in protecting the object of the insurance from loss.

Equitable Interest

A legal interest in property that gives a party a financial stake or benefit in the property, though not necessarily an ownership interest.

Life Insurance Policy

A contract between an individual and an insurance company, where the company pays a designated beneficiary a sum of money upon the death of the insured person.

Covered Peril

A specific risk or cause of loss that is protected against under the terms of an insurance policy.