A Concurrent Validation Assesses the Validity of a Test by Administering

question 88

True/False

A concurrent validation assesses the validity of a test by administering it to people already on the job and then correlating test scores with existing measures of each person's performance.

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Definitions:

Operating Loss

The result when a company's operating expenses exceed its gross profits or revenues.

Fixed Costs

Expenses that do not change with the level of production or sales activities within a certain range.

Contribution Margin

The remaining income after removing variable expenses, allocated to settle fixed expenses and create profit.

Sales Mix

The combination of products or services that a company sells, represented in proportions or percentages.