________ is a type of validity that assesses the relationship between theoretical constructs and seeks to confirm significant correlations between the constructs as predicted by a theory
A) Convergent validity
B) Discriminant validity
C) Nomological validity
D) Content validity
E) Type II validity
C
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The joint cost allocation method that assigns joint production costs based on the proportionate share of eventual revenues less further processing costs is the net realizable value method
Indicate whether the statement is true or false
Unrealized gains and losses on available-for-sale securities are reported on the balance sheet
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The payback and accounting rate of return methods are often used to perform an initial screening of investments. 2. The payback method provides management with valuable information about the time period in which the cash invested will be recouped. 3. The net present value and internal rate of return methods are appropriate for longer-term investments because they ignore the time value of money. 4. Cash inflows include future cash revenue generated from an investment and any future residual value of the asset but exclude any future savings in ongoing cash operating costs resulting from the investment. 5. Most capital budgeting methods focus on accrual-based income.
First Direct describes itself as the largest virtual bank in the world
Indicate whether the statement is true or false