An Individual Test

question 32

Multiple Choice

An individual test

• A)is less expensive to administer.
• B)provides more objective scoring.
• C)provides information about the unique attributes of the examinee.
• D)are more reliable than group tests.

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Definitions:

Economic Benefits

The gains received or receivable by an entity as a result of past or future transactions or events.

Asset

A present economic resource controlled by the entity as a result of past events. An economic resource is a right that has the potential to produce economic benefits.

Control

The power to influence or direct the behavior of people or the course of events.

Conceptual Framework

An underlying structure in accounting that guides the development of standards and the preparation of financial statements.