Revisions Should Be Made

question 12

Multiple Choice

Revisions should be made

• A) when item content becomes dated
• B) every ten years
• C) when test builds a substantial data base due to frequent use
• D) both a and c

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Definitions:

Irving Fisher

An American economist, statistician, inventor, and Progressive social campaigner known for his contributions to economic theory.

Credit Risk

The risk of loss resulting from a borrower's failure to repay a loan or meet contractual obligations.

Compounded Interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Annual Interest Rate

The percentage increase in money charged per year for the use of borrowed funds or for delaying the repayment of a debt.