Questions: The extent to which a selection method provides economic value greater than its cost is called its accountability. practicality. utility. validity. reliability.

The extent to which a selection method provides economic value greater than its cost is called its accountability. practicality. utility. validity. reliability.
Transcript text: The extent to which a selection method provides economic value greater than its cost is called its accountability. practicality. utility. validity. reliability.
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Solution

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The answer is: utility.

Explanation for each option:

  1. Accountability: This term generally refers to the responsibility of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner. It is not directly related to the economic value of a selection method.

  2. Practicality: This refers to the ease with which a selection method can be implemented and used. While important, practicality does not specifically address the economic value versus cost.

  3. Utility: This is the correct answer. Utility in the context of selection methods refers to the extent to which the method provides economic value greater than its cost. It measures the overall benefit derived from using the selection method, considering both its effectiveness and its cost-efficiency.

  4. Validity: This term refers to the degree to which a selection method measures what it is intended to measure. While validity is crucial for ensuring that the selection method is accurate and relevant, it does not directly address the economic value versus cost.

  5. Reliability: This refers to the consistency of a selection method. A reliable method produces stable and consistent results over time. Like validity, reliability is important for the accuracy of the selection method but does not directly relate to its economic value.

In summary, utility is the term that best describes the economic value of a selection method in relation to its cost.

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