A Test Is Referred to as Objective When It Meets

question 16

Multiple Choice

A test is referred to as objective when it meets which of the following criteria?

• A)Different scorers obtain the same results
• B)It is constructed using a variety of question types
• C)It measures a clearly defined set of standards
• D)There is a standard procedure for interpreting the results

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Definitions:

Accrual Accounting

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.

Revenues Recorded

The act of documenting income generated from normal business operations, such as sales of goods or services, in the financial records.

Vertical Analysis

A financial analysis method in which each entry for each of the three major categories of accounts (assets, liabilities, and equity) in a balance sheet is represented as a proportion of the total account.

Financial Statement

A summary report that quantitatively describes the financial health of a company. This includes the balance sheet, income statement, and statement of cash flows.