Decisions Concerned with the Process of Planning, Setting Goals and Priorities

question 86

Multiple Choice

Decisions concerned with the process of planning, setting goals and priorities, arranging financing, and using certain criteria to select long-term assets are called:

• A) Limited resources
• B) Capital investment
• C) Sell now or process further
• D) Make-or-buy

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Definitions:

Reliability

Reliability refers to the consistency of a measure or instrument; a reliable instrument yields similar results under the same conditions over multiple trials.

Validity

The degree to which an assessment accurately measures its purported content.

Reliability

The degree to which an assessment tool produces stable and consistent results.

Validity

The extent to which a test measures what it claims to measure.