Tests Designed to Assess What a Person Has Learned Are

question 4

Multiple Choice

Tests designed to assess what a person has learned are called ________ tests.

• A) factor analysis
• B) aptitude
• C) standardized
• D) achievement

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Definitions:

Certificates of Deposit

Financial instruments offered by banks that provide an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.

General Intangibles

Assets that are non-physical in nature, such as patents, copyrights, trademarks, and goodwill.

Copyrights

A form of intellectual property law that gives the creator of an original work exclusive rights to its use and distribution, typically for a certain period.

Franchises

Business models where owners license their operations, products, branding, and procedures to independent operators.