The Utility of Any Test Generally ________ as the Selection

question 76

Multiple Choice

The utility of any test generally ________ as the selection ratio gets lower.

• A)increases
• B)decreases
• C)remains the same
• D)becomes zero
• E)becomes negative

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Definitions:

Treasury Bills

Short-term government securities issued at a discount from the face value and maturing in a year or less, representing a secure investment.

Collection Time

The typical period a business waits to receive money owed by its customers.

Weekly Disbursements

The total amount of money a business pays out in a week, covering expenses such as salaries, supplier payments, and other operational costs.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.