Which of the Following Statements Is Correct

question 37

Multiple Choice

Which of the following statements is correct?

• A) A measure that has reliability must also have validity.
• B) A measure can have validity without having reliability.
• C) Measures either have reliability or validity, but not both.
• D) A measure that has validity must also have reliability.

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Definitions:

Warranty Cost

Expenses associated with the repair, replacement, or refund for products within their warranty period.

Actual Warranty Costs

The real expenses incurred by a company to repair or replace products under warranty.

Journal Entries

The method by which transactions are entered into an accounting system, typically involving a debit to one or more accounts and a credit to another.

Warranty on Parts

A guarantee provided by a manufacturer or seller regarding the condition of parts or components and their performance over a specified period.