Computer-Generated Test Interpretations

question 5

Multiple Choice

Computer-generated test interpretations

• A) are universally endorsed
• B) can provide narrative reports or diagnoses
• C) can only provide raw scores and percentile ranks
• D) both a and c

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Definitions:

JIT

Just-In-Time, a management strategy that aligns raw-material orders from suppliers directly with production schedules to improve efficiency and decrease waste.

Spread

Spread can refer to the difference between the bid and ask prices of financial instruments or the difference between interest rates on two different investments.

Trade Credit

A business arrangement where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date, often used to finance short-term operational needs.

Consumer Credit

A type of credit granted to consumers to finance personal purchases.