The Widely Used American Revision of Alfred Binet's Original Intelligence

question 38

Multiple Choice

The widely used American revision of Alfred Binet's original intelligence test was developed by

• A) Charles Spearman.
• B) Francis Galton.
• C) Lewis Terman.
• D) Théodore Simon.

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Definitions:

Variable Costs

Expenditures that fluctuate based on the production levels or the number of sales.

Break-Even Point

The point at which total costs and total revenue are equal, meaning there is no net loss or gain.

Fixed Costs

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance.

Margin of Safety

The difference between actual or projected sales and the break-even point. It measures how much sales can fall before a company incurs a loss.