Validity means that
a. a test measures something consistently.
b. a test is considered stable over time.
c. items on the test are measuring some trait or ability because the items are highly correlated.
d. a test is measuring what it is supposed to measure.
d
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All of the following statements concerning appropriation of retained earnings are true EXCEPT
a. the practice of appropriating retained earnings is unusual today. b. stockholders generally expect all unappropriated retained earnings to be distributed in the form of dividends. c. it is necessary to advise balance sheet readers that retained earnings is not totally available for dividends. d. simply noting the restriction of retained earnings is not sufficient.
An investor receives a return from an investment due to:
A. recurring deposits. B. capital gains on the sale of an investment. C. asset allocation among different asset classes. D. rebalancing by buying more equities. E. diversification among or within asset classes.
In the case of Hadley v. Baxendale, the plaintiff was seeking damages for:
a. restitution. b. lost profits. c. failure to convey land. d. failure to specifically perform a contract.
Consider the following information: Actual direct labor hours 34,500 Standard direct labor hours 35,000 Total actual direct labor cost$241,500 Direct-labor efficiency variance$3,200?The direct-labor rate variance is:
A. $20,700U. B. $17,250U. C. $20,700F. D. $21,000F. E. None of the answers is correct.