What Is the Pre-Designation of Some Quantity of a Measured

question 52

Multiple Choice

What is the pre-designation of some quantity of a measured attribute or characteristic that must be achieved for a predetermined action to take place?

• A)Achievement standard
• B)Characteristic standard
• C)Attribute standard
• D)Action standard

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Definitions:

Concentration Ratios

Measures that indicate the degree of market concentration by showing the market share of the largest firms in an industry.

Inverted-U Theory

A hypothesis that suggests there is a relationship between the level of some activity and the effect it has on performance, which looks like an inverted U, indicating optimal performance at an intermediate level of the activity.

Technologically Progressive

Pertaining to the consistent application and incorporation of new technologies to improve processes, products, or services.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied responds infinitely to changes in price.