1. If a recessionary gap were to appear like during the pandemic, how might the economy adjust? Can/should we rely on it to adjust itself? Is it possible that the economy will never adjust to a gap, and things will just get worse and worse?
2. How and why can the decision of U.S. citizens to save money cause economic problems for the economy? So, if the economy is in a recession, who is at fault: business for their savings, or households for their savings, or government?
Answers
When a recessionary gap appears, indicating a shortfall in aggregate demand relative to potential output, the economy can adjust through various mechanisms.
One way is through the automatic stabilizers, such as increased government spending on unemployment benefits or welfare programs, which can help support incomes and boost consumer spending. Additionally, the central bank can implement expansionary monetary policies like lowering interest rates to stimulate borrowing and investment. Fiscal policies, such as tax cuts or increased government spending on infrastructure projects, can also be used to stimulate aggregate demand.
While the economy has self-correcting mechanisms, relying solely on them may not be sufficient to close the gap quickly. Timely and targeted government interventions can help expedite the adjustment process. It is possible for the economy to struggle to adjust on its own, particularly if there are persistent structural issues or if there is a lack of effective policy response. However, with appropriate measures, such as supportive monetary and fiscal policies, the economy can typically recover and adjust over time.
The decision of U.S. citizens to save money can potentially cause economic problems, especially during a recession. Saving, in moderation, is generally beneficial for individuals and the overall economy. However, when households collectively increase their savings during a recession, it can lead to a decrease in consumer spending. Reduced consumer spending can further exacerbate the recessionary gap by lowering aggregate demand.
In this context, it is important to note that blaming any specific entity, such as businesses, households, or the government, for saving during a recession is overly simplistic. Saving is a prudent behavior during uncertain economic times, and both households and businesses tend to increase their saving rates in response to economic downturns. The responsibility to address economic problems lies with multiple stakeholders, including policymakers, who can implement measures to stimulate aggregate demand and restore economic growth
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Related Questions
Problem 7-5
Nonconstant Growth Valuation
A company currently pays a dividend of $2.5 per share (D0 = $2.5). It is estimated that the company's dividend will grow at a rate of 15% per year for the next 2 years, then at a constant rate of 8% thereafter. The company's stock has a beta of 1.7, the risk-free rate is 4.5%, and the market risk premium is 5%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent.
$
Answers
the estimated stock price today is $89.82.
How to calculate?
First, we need to calculate the expected dividends for the next two years:
D1 = D0 x (1 + g1) = $2.5 x (1 + 0.15) = $2.875
D2 = D1 x (1 + g2) = $2.875 x (1 + 0.15) = $3.30625
After year 2, dividends will grow at a constant rate of 8%, so we can use the constant growth model to calculate the stock price:
P2 = D2 x (1 + g) / (r - g) = $3.30625 x (1 + 0.08) / (0.045 - 0.08) = $95.05682
Now we can use the dividend discount model to calculate the present value of the expected dividends and the stock price today:
PV = (D1 / (1 + r)²1) + (D2 / (1 + r)²2) + (P2 / (1 + r)²2)
= ($2.875 / 1.045) + ($3.30625 / 1.045^2) + ($95.05682 / 1.045²2)
= $2.7361 + $2.9449 + $84.1392
= $89.8202
Therefore, the estimated stock price today is $89.82.
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John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income, meaning they only have to
pay federal income tax on what amount?
Answers
Answer:
$140,000
Explanation:
$150,000-$10,000= $140,000
A party can be discharged from a contract. Name eight ways thata party can be discharged.
Answers
A party can be discharged from a contract by impossibility of performance, breach of contract, rescission, frustration of purpose, operation of law and illegality.
1. Performance: The parties fulfill all the terms and conditions of the contract, and the contract comes to an end. A party is discharged from a contract when they have fully performed their contractual obligations.
2. Mutual agreement: Both parties agree to end the contract by mutual consent. Both parties may mutually agree to terminate the contract, thereby discharging their obligations.
3. Impossibility of performance: The performance of the contract becomes impossible due to unforeseeable events, such as war, natural disasters, or death of the parties involved.
4. Breach of contract: A party breaches the contract, and the non-breaching party can choose to terminate the contract. If one party breaches the contract, the other party can be discharged from their obligations.
5. Rescission: One party can request the court to rescind or cancel the contract due to misrepresentation, fraud, or mistake.
6. Frustration of purpose: The objective of the contract becomes meaningless due to unforeseeable events, such as a change in law or regulation.
7. Operation of law: The contract becomes illegal due to a change in the law, or the contract is declared void by the court. A party can be discharged by operation of law, such as bankruptcy, which makes it impossible for the party to fulfill their contractual obligations.
8. Illegality: If the subject matter of the contract becomes illegal or the contract itself is found to be against public policy, a party can be discharged from the contract.
By understanding these eight ways, you can better navigate the circumstances that may lead to a party being discharged from their contractual obligations.
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Perform an online or offline search, and choose a technology firm near your location. You must then call and speak to someone from the firm's Human Resources department (preferably the HR manager) and conduct a brief (15- to 20-minute) interview with them. During the interview, you need to ask questions about the company's core functions, the different types of jobs available in the company, a list of qualities that the company expects from its employees, and so on. In other words, your questions should cover the points that the HR department would include in the company's Code of Conduct Manual. You should keep a record of all the answers and write a summary of what you have learned. Alternatively, if you do not find a technology firm near your location, or if the HR manager is unwilling to have a sit-down interview, you could find a company online and correspond with the manager through email with the help of a questionnaire.
Answers
Answer:
I have selected Samsung electronics which is located in my area. I have visited the company and conducted a meeting with HR manager.
Explanation:
The company has launched trainee program for the graduates. HR manager has provided details about the program which includes training of freshers and on job support. They can study and do the job together so that they learn how to work in an office environment. Graduates can assist manager of multiple department at a time which gives them exposure of different department tasks. The main qualities which are required by the company in a candidate are multitasking skills, problem solving ability and ability to meet deadlines. For interview there is a short game in which IQ level of candidates is tested and those who clear the levels of the game are then promoted for a panel interview.
article 9 of the code of ethics about written agreements requires realtors® to
Answers
Article 9 of the Code of Ethics about written agreements requires Realtors to make reasonable efforts to reduce their verbal agreements to written agreements.
The National Association of Realtors has a code of ethics that each member must follow. The code of ethics serves as a guideline to ensure that members act professionally and ethically in their dealings with clients. One of the most important provisions in the Code of Ethics is Article 9, which relates to written agreements. Article 9 requires Realtors to make a reasonable effort to reduce their verbal agreements to writing.
This requirement is essential because it helps prevent misunderstandings between Realtors and their clients. By putting their agreements in writing, the parties can avoid confusion over what was agreed upon and have a clear record of their understanding if any disputes arise in the future. Realtors can create written agreements using standard forms approved by their local or state Realtor association or legal counsel. Therefore, Article 9 of the Code of Ethics requires Realtors to make reasonable efforts to reduce their verbal agreements to written agreements.
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A BBB-rated corporate bond has a yield to maturity of 10.5%. A U.S. Treasury security has a yield to maturity of 8.9%.These yields are quoted as APRs with semiannual compounding. Both bonds pay semiannual coupons at an annual rate of 9.6% and have five years to maturity. a. What is the price (expressed as a percentage of the face value) of the Treasury bond?
b. What is the price (expressed as a percentage of the face value) of the BBB-rated corporate bond?
c. What is the credit spread on the BBB bonds?
Answers
a. The price of the Treasury bond is approximately 106.11% of its face value.
b. The price of the BBB-rated corporate bond is approximately 98.23% of its face value.
c. The credit spread on the BBB bonds is approximately 1.6%.
a. By calculating the present value of the Treasury bond's cash flows, we find that the price is approximately 106.11% of the face value.
b. Using the same approach, we determine that the price of the BBB-rated corporate bond is approximately 98.23% of the face value.
c. The credit spread is the difference between the yield to maturity of the corporate bond and the Treasury bond. In this case, the credit spread is approximately 1.6%, indicating the additional yield investors require for holding the riskier BBB-rated corporate bond.
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the mixing of various promotional tools with a branding perspective is known as
Answers
Mixing of various promotional tools with a branding perspective is known as Integrated brand promotion
A marketing strategy known as integrated brand promotion (IBP) makes sure that a company's brand message is consistent throughout all of its marketing. The purpose of the promotion is to inform, persuade, and remind the target audience about the goods that the firm or organisation offers them while ostensibly influencing their attitudes and behaviors.
The promotion is a component of marketing that includes a number of tools, including advertising, sales promotion, public relations, direct marketing, and personal sales. Without this branding, the audience would perceive the brand inconsistently and it would be less likely that the intended message would be understood. This technique makes consistent delivery and brand awareness possible.
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Complete Question:
Mixing of various promotional tools with a branding perspective is known as _______
5. Groceries are considered what type of an expense?
Answers
Answer:
Fixed
Explanation:
Answer:
Necessary expense
Explanation:
You kinda need food to live
In which of the following situations would it be MOST beneficial to hire a financial adviser?
A. I’m a senior in college, am about to graduate, and need to create a plan for paying off my student loans.
B. I have a car loan, a large student loan, and a backlog of unpaid medical bills that I’m struggling to keep up with.
C. I’m having a hard time tracking my expenses and income, and want to establish a solid monthly budget to better manage my money.
D. I have a $1,250 credit card bill with a 22% interest rate that I’m trying to pay off.
Answers
a financial adviser is there to guide you, not to help you pay off bills
How old do you have to be to be an authorized user on a credit card?.
Answers
Company X is interested in improving its compliance with internal control procedures. During 20X1, Company X determined that compliance with internal control procedures was 92%. On December 31, 20X2, Company X took a random sample of 165 instances where internal controls should have been followed and determined that internal controls were followed 153 times. Can Company X conclude (at the .05 significance level) that the level of compliance with internal control procedures increased in 20X2 ?
Answers
No, Company X cannot conclude (at the .05 significance level) that the level of compliance with internal control procedures increased in 20X2.
What statistical analysis can be performed to determine if there was a significant increase in compliance?To determine if there was a significant increase in compliance with internal control procedures in 20X2, we need to perform a hypothesis test. The null hypothesis (H₀) would state that there was no increase in compliance, while the alternative hypothesis (H₁) would state that there was an increase. Since we are comparing proportions, we can use a two-sample z-test.
Let's calculate the test statistic:
First, determine the sample proportion for 20X1:
p₁ = 92% = 0.92
Next, calculate the sample proportion for 20X2:
p₂ = 153/165 ≈ 0.927
Now, calculate the standard error:
SE = √[(p₁(1-p₁))/n₁ + (p₂(1-p₂))/n₂]
= √[(0.92(1-0.92))/n₁ + (0.927(1-0.927))/n₂]
Assuming a significance level of 0.05, we need to find the critical z-value from the standard normal distribution. If the test statistic falls beyond this critical value, we can reject the null hypothesis.
Finally, calculate the test statistic:
z = (p₂ - p₁) / SE
Compare the test statistic with the critical z-value to make a decision regarding the null hypothesis.
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Many of your friends and family have pet dogs and cats. Each summer you enjoy looking after the pets, for example, taking dogs for walks and feeding them. As you care for the animals so well, one of your friends has suggested that you should start a ‘pet-care’ business for pet owners within a three mile radius of your home. You plan to look after their pet while they are on holiday.
You decide first to carry out some market research.
(a) Identify two purposes of market research. (2) set your answer like below
Answers
Answer:
the action or activity of gathering information about consumers' needs and preferences
-place
-target market
-feasibilty study
Explanation:
Place- allow you to gain attraction and attention from public
Target market-. Field of your business is it realible who would be your costumer and clients
THIS QUESTION HAS BEEN PREVIOUSLY ASKED ON CHEGG AND ANSWERED
INCORRECTLY. DO NOT COPY IT AND WORK FROM SCRATCH
Question 2
We live in an age of semi-autonomous cars: The driver is in control
most of t
Answers
The average total time taken for both communication and computation to be performed in the cloud is approximately 253 milliseconds.
In this scenario, the datacenter upload speed is 1 Mbps, which means that it takes 42 milliseconds to upload 5 seconds worth of brain data (5 seconds * 500 Hz * 32 bits / 1 Mbps).
The computation speed of the datacenter is 750 kbps, so it takes 6.67 milliseconds to process 5 seconds worth of brain data (5 seconds * 500 Hz * 32 bits / 750 kbps).
This value is obtained by considering the time taken for communication and the time required for computation, including the potential re-computation due to failure.
Now, taking into account the failure rate of the cloud server, which is 0.1, there is a 10% chance that a failure message will be sent back to the driver assist system. The time taken to communicate this failure is 210 milliseconds.
Therefore, the average time for communication and computation in the cloud is calculated as follows:
(0.9 * (42 + 6.67)) + (0.1 * (42 + 6.67 + 210)) ≈ 252.67 milliseconds
Rounding up to the nearest integer, the average total time taken for both communication and computation in the cloud is approximately 253 milliseconds.
Complete Question:
We live in an age of semi-autonomous cars: The driver is in control most of the time, but during critical scenarios when the system understands that the driver is incapable of taking action, the car takes over the decision-making.
Consider a brain mobile interface application that assists drivers on a freeway by monitoring their drowsiness. The driver wears a Neurosky headset that senses brain signals (EEG) at 500 Hz. Each brain data point is a 32-bit floating point number. The brain signal is collected by a smartphone and sent to a server, where complex machine-learning algorithms are used to determine the drowsiness level of the driver.
Additionally, the car is equipped with a 360° camera and sensors on the steering wheel, which are all interfaced with the driver's smartphone. The data rate of the wheel sensors is 2 kbps, and the data rate of the camera is 200 kbps.
Using data from all of these sources, the driver-assist system attempts to predict impending accidents. If the system detects that the driver is drowsy and predicts an impending accident, the system should react with some actuation, either automatic braking or steering. After collecting 5 seconds worth of data, the driver assist system has only 3 seconds to decide.
There are two options for performing all of the related computation: (a) use a data center, or (b) use a fog server (such as a laptop with internet connectivity that is traveling with the driver). The data center upload speed is 1 Mbps, whereas the fog server upload speed is 3 Mbps. The datacenter computation speed is 750 kbps (i.e., the data center can finish the computation on 750 kb of data in 1 second), while the fog server computational speed is 400 kbps.
Suppose the failure rate of the cloud server is 0.1. This means that 10% of the time the cloud will send a failure message back to the driver assist system. When this occurs, the system must transfer all of the information to the cloud again and redo the computation. The time taken to communicate that a failure has occurred is 210 milliseconds. What is the average total time taken for both communication and computation to be performed in the cloud, in milliseconds? (Write your answer as one number, rounded up to the nearest integer.)
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Question 3 of 10
Which of the following is a career you would find in the Finance Career
Cluster?
A. Equine manager
B. Geologist
C. Tax examiner
D. Ecologist
SUBMIT
Answers
Answer:
C. Tax examiner
If the required reserve ratio is one-third, currency in circulation is $300 billion, checkable deposits are $900 billion, and there is no excess reserve, then the monetary base is?.
Answers
If the required reserve ratio is one-third, currency in circulation is $300 billion, checkable deposits are $900 billion, and there is no excess reserve, then the monetary base is $600.
Define reserve ratio.The reserve ratio is the percentage of reservable liabilities that commercial banks are required to hold onto and refrain from lending to or investing in. The requirement is set by the nation's central bank, in this case the Federal Reserve in the United States. The cash reserve ratio is another name for it.
The terms "reserve requirement" and "reserve ratio" are sometimes used interchangeably to refer to the minimum amount of reserves that a bank must maintain. The Federal Reserve Board's Regulation D specifies the reserve ratio. All depository institutions with transaction accounts are subject to a uniform set of reserve requirements under Regulation D, and banks are required to submit regular reports to the Federal Reserve.
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the average cost curve trends downward because as production increases, the cost per unit of production decreases.
Answers
The average cost curve trends downward because as production increases, the cost per unit of production decreases. This is a fundamental economic concept known as economies of scale.
About average cost curveAs production increases, fixed costs are spread over a larger output, resulting in lower fixed cost per unit.In addition, since there are more goods produced, it becomes possible to take advantage of specialized labor and use more specialized machinery.
This has the potential to increase the productivity of the labor and machinery and decrease the variable cost per unit.In this way, an increase in output lowers both fixed and variable costs per unit, resulting in a reduction in the average total cost (ATC) per unit of production. As a result, the ATC curve slopes downward.
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Question 1
Stilvan always wanted to run his own business. When he left school he
borrowed money from his parents to start a gardening business. The
business name is Stilvan Grass Cutters. Stilvan bought some equipment
to cut grass and trees. Stilvan delivers leaflets to people's homes to
promote his business.
Table 1 shows data for a typical week for Stilvan's business.
Table 1
Average price per customer $15
Variable cost per job
$7
Weekly overheads
$320
Number of customers
50
Demand for his services is seasonal and this causes problems for Stilvan.
(a) Identify two objectives that Stilvan might have had when he set
up his business.
[2]
(b) Identify two advantages of using leaflets as a method of promotion.
[2]
(e Using the information given in Table 1, draw a break-even chart
for Stilvan's business.
Answers
Answer:
Stilvaton 10:ind:sine29
Explanation:
Please cite source
-. Things are scarce because:
a. Government rationing prevents us from having all we desire.
b. Our desire for things is greater than the amount that is freely available.
c. Individuals are greedy and will consume everything they obtain .
d. There is an allocation and distribution problem.
Answers
Answer:
I believe it to be answer choice B
Explanation:
because this choice is the definition of scarcity
Hope i'm right and that it helps
Emma went to a salon to get her hair braided. The price of braiding her hair is $65. She wants to leave a 20% tip. What is the total amount she should pay?.
Answers
She should leave a total of $78.
How to calculate the percentage of any number?
1. Choose the number's original format before converting it to a percentage.
The quantity to be converted to a percentage may be expressed as a fraction or in decimal form. A fraction is 3/20 and a decimal is 0.57, for instance. The subsequent mathematical operation to be performed on the number will depend on the initial format.
2. Apply math to the quantity that has to be converted to a percentage
You might not need to do anything before moving on to the next step if the value that has to be converted to a percentage is a decimal number, such as 0.57. To obtain a decimal number, however, divide the numerator (the top number), which is 3, by the denominator if the fraction is 3/20.
3. Increase the amount by 100.
Simply multiply a decimal figure, such as 0.57, by 100 to convert it to a percentage. Thus, 0.57 x 100 equals 57. As a result, 0.57 is equivalent to 57% as a percentage. One more illustration is 0.03 x 100 = 3%.
When converting a fraction to a percentage, such as 3/20, you should divide 3 by 20 to get 0.15. therefore 0.15 times 100 equals 15%.
To find this, we first need to find the tip amount. We can do this by multiplying the total by the tip percentage.
$65 * 20% = $13
Now that we have that, we need to add it to the cost.
$65 + $13 = $78
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Based on this partially filled out 1040EZ form, will this person receive a refund or owe taxes? What amount?
Answers
Based on this partially filled out 1040EZ form, this person still owe taxes because that is the purpose of the form.
What is the IRS Form 1040EZ?The IRS for Single & Joint Filers with No Dependents was the shortened version of the Internal Revenue Service Form 1040. The Form 1040EZ was for taxpayers with basic tax situations and offered a fast and easy way to file income taxes.
This form was discontinued as of the 2018 tax year and replaced with the redesigned Form 1040. It could only be used by people below age 65 with no dependents earning less than $100,000 per year, was about one-fifth as long as the full 1040 form with fewer deductions and tax credits and anyone who hasn't filed taxes for 2017 or earlier can still use the 1040EZ form for that year.
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if you are tasked with writing employee schedules and to-do lists for managers, what level of planning are you involved in?
Answers
if you are tasked with writing employee schedules and to-do lists for managers, you are involved in tactical planning.
Information is needed for tactical planning by its managers at the middle level of management. Managers establish monthly goals and devise strategies for achieving them. After planning, the strategy is implemented and monitored to hit the predetermined goals.
In the example, the employee is creating schedules that tactical level management needs in order to comprehend the business environment and make wise decisions.
The 4 types of plans are:
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What increases your total loan balance interest accrual or interest capitalization?
Answers
When it comes to the calculation of a loan balance, the factor that increases this amount is the interest capitalization.
Interest capitalization:
Is unpaid interest that has accumulated. Is added to the loan principal.As a result of this unpaid interest being added to the loan balance, the loan will increase in size and the interest will then be calculated using this new balance thereby increasing the interest payments as well.
In conclusion, the answer is interest capitalization.
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A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit. The marginal revenue of the 151st unit of output is Group of answer choices -$6.98. -$0.02. $2.45. $6.98.
Answers
If A monopoly firm can sell 150 units of output for $10 per unit. The marginal revenue of the 151st unit of output is $6.98.
Marginal revenueUsing this formula
Marginal revenue=(Number of units×Price per units)-(Alternate Number of units×Price per units)
Let plug in the formula
Marginal revenue=(151 units×$9.98 per units)-(150 units×$10 per units)
Marginal revenue=$1,506.98-$1,500
Marginal revenue=$6.98
Therefore the marginal revenue of the 151st unit of output is $6.98.
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TRUE OR FALSE
Some employees enjoy working for an autocratic leader because they welcome the structured environment.
Answers
Answer:
The Answer is gonna be True
This is the right Answer :3
I hope you are having a great day ❤️❤️❤️
Answer:
true
Explanation:
promise its true
HOPE IT HELPS
It is okay to wear disposable gloves if: You wash hands first and discard gloves between tasks You dispose of the gloves often while preparing foods The handwashing sink is broken or missing soap Your hands are dirty and you are too busy to wash them
Answers
Wrigley introduced a new flavor of Orbit brand sugar-free chewing gum, mint mojito, and its introductory price was low so that it quickly created loyal customers for the flavor. In this example, Wrigley used Group of answer choices skimming pricing. penetration pricing. price lining. odd-even pricing. loss-leader pricing.
Answers
In this example, Wrigley used the Penetration pricing.
Penetration pricing is one of marketing strategy which aims to attract potential customers by offering lower price as its initial offering.
This pricing strategy helps a new product or service to penetrate the market and attract customers because of the low price offered.
In the question, the introductory price for chewing gum, mint mojito were set low and aims to attract new customers to the product.
In conclusion, Wrigley used the Penetration pricing to attract new customers.
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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answers
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
The sum of php26,000 was deposited in a fund earning interest at 8 nnum compounded quarterly. what is the principal at the end of 3 years?
Answers
The amount of funds at the end of 3 years is given by the formula:
F = P(1+R) ^n
⇒ F = 26000 x (1 + 0.08) ³
⇒ F = [26000 x 0.08³] + 26000
⇒ F = 13.312 + 26000 = 26,013.312
What are Funds?
A fund is a collection of money set aside for a certain objective. A fund can be created for a variety of objectives, such as the construction of a new civic center by the municipal government, the awarding of scholarships at a college, or the payment of customer claims by an insurance company.
Funds are used by people, companies, and governments to save money. To cover unforeseen costs, people may create an emergency fund, often known as a rainy-day fund, or a trust fund to save money for a particular person. Money can be invested by both individual and institutional investors in various funds to make money.
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5 mins left!! whats the answerAt that amount of output where diminishing marginal returns first sets in, Select one: a. total product will begin to decline. b. none of the answers c. average product will begin to decline. d. margi
Answers
The answer to the question regarding the amount of output where diminishing marginal returns first sets in is option d. Marginal products will decline. In this scenario, as more units of a variable input, such as labor, are added to a fixed input, like capital, there will be a point where each additional unit of the variable input contributes less to the total output. This is known as diminishing marginal returns, and it is characterized by the decline in the marginal product.
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Dr. Rice administers a selection test to a group of job applicants for a manufacturing job. Years later, he then collects performance appraisal ratings of these workers so he can asseis to what extent scores on the selection test correlate with performance on the job. Dr, Rice is assessing the of the test Content Validity Predictive Validity Reliability Construct Validity 20.63 poevis Test X is a highiy respected selection test for postal workers. Test Yis a new selection test for postal workers that is shorter and easier to administer than Test X. The. correlation of Text X and Test Y would represent Divergent Validity Predictive Vakidity Content Validity Convergent Validity 3. 063 oolnts A researcher believes that physical theragists are extremely conscientious warkers as a whole. To assess her belief, she decides to create a measure of conscientiousness. In order to determine the questions to include, the interviews various 5ME on which questions should appropriately cover the construct. This is an example of - validity Internal External Construct Content
Answers
The first part of the question states that Dr. Rice administers a selection test to a group of job applicants for a manufacturing job.
Years later, he then collects performance appraisal ratings of these workers so he can assess to what extent scores on the selection test correlate with performance on the job.
Dr. Rice is assessing the of the test: Predictive Validity. The correlation between Test X and Test Y would represent: Convergent Validity.
In the third part of the question, the researcher wants to create a measure of conscientiousness. She interviews various SMEs on which questions should appropriately cover the construct. This is an example of Construct Validity.
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