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What Are the Weaknesses in Assessment? What Can Be Done

question 90

Essay

What are the weaknesses in assessment? What can be done to address these weaknesses? Be sure to address reliability, validity, and bias issues.


Definitions:

Durable Consumer Goods

Products that are not consumed or destroyed in use and are able to provide utility over time, such as appliances, cars, or furniture.

Loanable Funds

The money available for lending and borrowing in the financial markets.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.

Downsloping

Refers to a descending trend or pattern, often used in contexts such as demand curves in economics, where price and quantity demanded move in opposite directions.

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