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Jasmine took a self-administered online intelligence test three times yesterday and obtained scores of 124, 128, and 125. This made her feel great because the score she received from the psychologist last month at school was only a 95. What characteristic might the online test be lacking?
Retention of Earnings
The portion of net income that is retained by a company rather than distributed to its shareholders as dividends, often used for reinvestment.
Common Stock
Equity ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends or stock appreciation.
Consumption Tax
A tax on the purchase of goods or services, levied at the point of sale.
Ad Valorem Tax
A tax based on the assessed value of an item, such as real estate or personal property, commonly used in property taxes.
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