Compounding is the process of obtaining present values; discounting is the process of obtaining future values

Which of the following is true about content validity?

A. It is usually measured on the basis of expert judgment. B. It indicates how free a measurement is from random errors. C. It is most suitable for tests that measure abstract qualities. D. A test that scores high on content validity tends to score low on generalizability. E. It is useful for tests that measure intelligence and leadership quality.

In the context of managerial decision making, the state that exists when decision makers have insufficient information is known as

A. certainty. B. uncertainty. C. risk. D. probability. E. irresolution.