You Have Developed a New Personality Inventory That Will Be

question 128

Multiple Choice

You have developed a new personality inventory that will be used to match roommates in order to minimize conflict. Before you can market the test, you must administer it to several hundred individuals to establish norms. This phase of test development is referred to as:

• A)Branching
• B)Psychometrics
• C)Validation
• D)Standardization

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Definitions:

Public Ownership

Ownership of assets, enterprises, or resources by governmental organizations rather than individuals or private companies.

Natural Monopolies

Market situations where a single supplier is more efficient in serving the entire market due to high fixed costs and significant economies of scale, commonly seen in utilities.

U.S. Postal Service

A federal agency responsible for providing postal services in the United States, known for delivering mail and packages domestically and internationally.

Natural Monopoly

A market situation where a single supplier is most efficient in producing or supplying goods or services due to high fixed or startup costs.