Standardization Refers to ______

question 502

Multiple Choice

Standardization refers to ______.

• A)the development of norms and rigorously controlled testing procedures
• B)converting individual scores to be within two standard deviations from the mean
• C)converting mean scores into average scores
• D)giving test administrators the flexibility needed to meet the needs of specialized test-takers

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Definitions:

Profit-Maximizing

The process or strategy by which a firm determines the price and output level that returns the greatest profit.

Loss-Minimizing

A strategy aimed at reducing the negative impact or minimizing the losses in a business operation or an investment.

Quantity

The amount or number of a material or immaterial good or service.

Units

Basic quantities considered as a standard of measurement for physical quantities.