When the price level falls, businesses are unable to sell their products at a price high enough to cover costs they have already incurred, putting producers at risk of failure
Answer:
Predictive validity.
Explanation:
As the exercise suggests with the Psychology Aptitude Test (PAT) scoring system; the predictive validity is a way of calculating how a determined score on a test predicts scores on a certain criterion measure. In other words, this is a correlation between tests and ratings; as shown in the example provided by the exercise: "Their scores were later compared to their performance in the introductory psychology course, and high scores on the PAT were related to high grades in the course".
Answer:
Deficiency judgment.
Explanation:
A deficiency judgment is basically a ruling made by a court against a debtor in default on a secured loan, indicating that the sale of a property to pay back the loan did not cover the debt in full.
The social status is ascribed and the membership in the
elite ranks and privileged is inherited at birth. So, the elite ranks and the privileged
they get was been inherit at birth. The type of person who holds exceptional
rank and privileges especially those the hereditary nobility was inherited.
