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A Test Might Not Appear to Be a Good Test

question 13

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A test might not appear to be a good test of intelligence and yet it might do a very good job of predicting how well someone does in school. That is, this test


Definitions:

Profitability

A measure of how efficiently a company or business generates profit in relation to its revenue.

Inventory

All raw materials, components, completed or partially completed products, and pieces of equipment a firm uses.

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