Norming Refers to the Practice of

question 77

Multiple Choice

Norming refers to the practice of

• A)comparing given scores to other relevant scores.
• B)transforming scores from many different tests into standard scores.
• C)selecting people who fall within a normal range.
• D)collecting data in a valid and reliable manner.

---

Definitions:

Short Run

The short run in economics is a time period during which at least one input, such as plant size, is fixed and cannot be changed by the firm.

Fixed Plant Capacity

The maximum output level that a plant can achieve with the current facilities and resources over a specific period.

Industry Entry

The act or process of beginning to compete in a new or existing market as a new participant.

Nonlabor Resources

Assets or materials used in production that do not involve human labor, such as machinery, raw materials, and buildings.