Compare and contrast reliability and validity.
What will be an ideal response?
Reliability is the degree to which a measure is free from random error. Validity is the extent to which performance on the measure is associated with performance on the job. A measure must be reliable if it is to have any validity. On the other hand, one can reliably measure many characteristics (such as height) that may have no relationship to whether someone can perform a job. For this reason, reliability is a necessary but insufficient condition for validity.
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Identify by marking an X in the appropriate column, whether each of the following items would likely serve as a source document. The first one is done as an example ??YesNoEx.Credit card?Xa.Credit card receipt??b.Purchase order??c.Invoice??d.Balance sheet??e.Bank statement??f.Journal entry??g.Telephone bill??h.Employee earnings record??
What will be an ideal response?
The journal entry Pierce will record on February 1 will include a
a. credit to Interest Revenue for $1,500 b. credit to Gain on Sale of Investments for $1,500 c. credit to Cash for $52,500 d. credit to Interest Receivable for $600
The laws governing patent protection are both jurisdiction-specific and subject to change, as is the process for obtaining approval to market a new drug. As a general rule, the longer the drug approval process, the longer is the useful life of the patent
Indicate whether the statement is true or false
Product recalls can be managed by which system(s)?
a. RMS b. WMS c. RMS and WMS d. Neither RMS nor WMS