Explain 2 Different Methods That Can Be Used to Measure

question 345

Essay

Explain 2 different methods that can be used to measure the reliability of scores obtained from a testing instrument.

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from total revenue.

Ending Inventory

The closing stock value, determined at the end of a financial period, is the sum of the initial inventory and acquisitions, less the cost of goods sold.

Internal Control

Systems and processes designed by a company to ensure integrity and accuracy of financial and accounting information, promote accountability, and prevent fraud.

Inventory Storeroom

A storage area or space used for keeping goods or materials until they are sold or used in production.