________ is the extent to which differences in observed scale scores reflect true differences among objects on the characteristic being measured, rather than systematic or random errors
A) Reliability
B) Validity
C) Effectiveness
D) Consistency
E) Substantive difference
B
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The Uniform Commercial Code (UCC) provides that a lawsuit for breach of a sales contract must be filed within three years after the breach occurs.
Answer the following statement true (T) or false (F)
Which of the following do not apply to unearned revenues?
A. Amounts to be received in the future from customers for delivery of products or services in the current period. B. Gift cards are an example. C. May also be called deferred revenues. D. Amounts received in advance from customers for future delivery of products or services. E. Result from prepayments for concert tickets.
Medical Purchasing Agents (MPC) is a company that represents groups of hospitals as their agents for purchasing medical supplies. MPC is able to obtain discounts for the hospital group because of their sheer volume needs when they are grouped together. MPC's CEO, CFO and general counsel own 51% of the stock of a company called Medi-Pump. Medi-Pump is the sole supplier to the hospitals for feeding
pumps, IV pumps and other forms of hi-tech medical pumps and supplies. MPC has negotiated a low-cost supply contract from Medi-Pump to the hospitals. MPC: a. Has served its customers well with the Medi-Pump contract. b. Has a conflict because of its ownership of Medi-Pump. c. Cannot have a conflict so long as the Medi-Pump price is lowest. d. Cannot have a conflict because it represents groups of hospitals. e. None of the above
Preferred Contractors was a general contractor and owner of a condominium complex that was under construction. Barrett, a subcontractor, had been hired by Henderson Plumbing, another subcontractor, to help it complete the plumbing work on the project
When Henderson began using shoddy installation procedures and subsequently fell behind the scheduled completion time for the project, Preferred Contractors urged Barrett to correct Henderson's mistakes and to finish the job. Barrett refused to continue until he knew who would pay him, since he feared Henderson's financial position was shaky. Nonetheless, Preferred Contractors' job superintendent told Barrett to go ahead even if Barrett and Preferred Contractors had no contract because "he would use his influence to try to help Barrett get his money." Barrett finished the work and sent a $7,500 bill to Henderson, which was never paid. When Barrett later sent the bill to Preferred Contractors, these facts emerged: Preferred Contractors told him that due to Barrett's failure to notify Preferred Contractors promptly of Henderson's non-payment, Preferred Contractors had already paid Henderson in full and therefore would not pay twice for the work. Discuss the best possible theory of recovery Barrett may argue.