Guessing on a Matching Item Can Be Reduced by Doing

question 2

Multiple Choice

Guessing on a matching item can be reduced by doing which of the following?

• A)making the responses longer than the premises
• B)making the responses more homogeneous
• C)using an equal number of premises and responses
• D)using responses more than once

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Definitions:

Variable Cost

A variable cost is an expense that varies depending on a company's production volume; they rise as production increases and fall as production decreases.

NPV

An alternate expression for Net Present Value, it represents the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Credit Policy

A set of guidelines a company follows to determine the creditworthiness of its customers and the terms of credit it will offer.

Contingent Demand

Demand for a product or service that depends on the demand for another product or service.