Which of the Following Is Best Used for Norm-Referenced Score

question 15

Multiple Choice

Which of the following is best used for norm-referenced score interpretation?

• A)Percent correct
• B)Mastery testing
• C)Standard scores
• D)Standards-based interpretations

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Definitions:

Mark-up

The amount added to the cost price of goods to cover overhead and profit, often expressed as a percentage of the cost.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding cost of goods sold.

Mark-up

The difference between the cost of a good and its selling price, expressed as a percentage over the cost.

Selling Price

The price at which a product or service is offered to the buyer.