Which statement is not true regarding the relationship between reliability and validity?
A) If a measure is perfectly valid, it is also perfectly reliable.
B) Unreliability implies invalidity.
C) If a measure is perfectly reliable, it is perfectly valid.
D) Reliability is a necessary, but not sufficient, condition for validity.
C
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One type of standing plan, the __________, outlines the general response to a designated problem or situation.
A. policy B. project C. rule D. procedure E. program
A model that allows variables to change over time is referred to as a
A. static model. B. dynamic model. C. partial-equilibrium model. D. general-equilibrium model.
In a period of rising prices, which of the following inventory methods generally results in the highest gross margin figure?
A) Cannot tell without more information B) LIFO C) FIFO D) Average-cost
Which of the following best describes the approach prescribed in IAS 38, "Intangible Assets"?
a. Expense all research and development costs. b. Capitalize all research and development costs. c. Expense all research costs and capitalize all development costs. d. Capitalize all research costs and expense all development costs.