Which term refers to the extent to which a technique measures an intended skill?

Answer the following statement(s) true (T) or false (F)

1. Since individuals are always confronted with opportunities to earn positive rates of return on their funds, the timing of cash flows does not have any significant economic consequences. 2. Time-value of money is based on the belief that a dollar that will be received at some future date is worth more than a dollar today. 3. Future value is the value of a future amount at the present time, found by applying compound interest over a specified period of time. 4. Interest earned on a given deposit that has become part of the principal at the end of a specified period is called compound interest. 5. The future value interest factor is the future value of $1 per period compounded at i percent for n periods.

Which of the following sentences BEST describes a Standard Change?

A. A change to the service provider's established policies and guidelines B. A pre-authorized change that has an accepted and established procedure C. A change that is made as the result of an audit D. A change that correctly follows the required change process