Jill Received a 77% on a Test,and Her Professor Decides

question 69

Multiple Choice

Jill received a 77% on a test,and her professor decides to curve the test.The professor compares Jill's score to other students' scores in her class.The professor decides to assign Jill a B+ because her score was high relative to everyone else's.When assigning the B+,the professor used a process called

• A)storming.
• B)grouping.
• C)norming.
• D)performing.

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost, indicating profitability.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Discount Factor

A multiplier used in time value of money calculations to determine the present value of future cash flows.