Which of the Following Is True About How Tests Are

question 23

Multiple Choice

Which of the following is true about how tests are used?

• A)In the end, it may be determined by law and the threat of litigation.
• B)There is substantial evidence of the intentional misuse of tests.
• C)The use of tests has declined sharply in the past 20 years.
• D)It is very difficult to use tests appropriately.

---

Definitions:

Output Levels

Refers to the quantity of goods or services produced by a firm or economy over a certain period of time.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the higher market price they actually receive.

Economic Profit

Economic profit is the difference between total revenue and total costs, including both explicit and implicit costs, measuring the performance exceeding the opportunity costs of resources used.

Fixed Costs

Expenses that do not change with the level of production or business activity within a certain range or period.