State University, a Very Large Public University, Has a Policy

question 65

Multiple Choice

State University, a very large public university, has a policy of granting faculty members a one-year sabbatical leave after a period of seven years of continuous employment.The leave is to be used for further study, research, or service.During the fiscal year ended 6/30/15, the university paid $3 million to faculty members on sabbatical leave and estimated that faculty members currently not on sabbatical leave earned $3.5 million toward sabbatical leaves they are likely to take in the future.The amount of sabbatical expenditures for the year ended 6/30/15 should be

• A)$0 million.
• B)$3 million.
• C)$3.5 million.
• D)$6.5 million.

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Definitions:

Intelligence Quotient

A measure of a person's cognitive abilities and intellectual potential compared to a statistical norm, typically assessed by standardized tests.

William Stern

A psychologist best known for developing the concept of the intelligence quotient or IQ.

Mental Age

A measure of an individual's mental attainment based on the age in which it takes an average individual to reach that same level of attainment.

Alfred Binet

A French psychologist best known for developing the first standardized intelligence test, which laid the foundation for modern intelligence testing.