Match the Correct Term with Its Description

question 3

Multiple Choice

Match the correct term with its description.
-Readiness Tests

• A)Paper-and-pencil tests, usually given in school settings, which measure broad content areas. Often used to assess progress in school.
• B)Tests that assess problem areas of learning. Often used to assess learning disabilities.
• C)Tests that measure one's appropriateness to move onto the next grade level.
• D)Use intelligence testing and neuropsychological assessment.
• E)Often based on what one has learned in school, these instruments measure a broad range of mental ability and are useful in making predictions about the future (e.g., whether an individual might succeed in college).
• F)Tests that measure many aspects of ability. Often useful in determining the likelihood of success in a number of vocations.
• G)Tests that measure one aspect of ability. Often useful in determining the likelihood of success in a specific vocation.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Permanent Accounts

Accounts that are not closed at the end of the accounting period, hence carry their balances over into the next period; these include asset, liability, and equity accounts.

Temporary Accounts

Accounts that are closed at the end of each accounting period, including revenue, expense, and dividend accounts.

Adjusting Entry

A journal entry made at the end of an accounting period to update account balances before preparing financial statements.