What Was the General Term Favored by Binet to Summarize

question 51

Multiple Choice

What was the general term favored by Binet to summarize the main result of his intelligence tests?

• A) IQ
• B) mental age
• C) general intelligence level
• D) intellectual level

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Standard Costs

Predetermined costs to manufacture a single unit of product, serving as a benchmark for measuring performance.

IMA

Stands for the Institute of Management Accountants, a professional organization that promotes the practice of management accounting and financial management.

Price Variances

The difference between the actual cost and the standard cost of goods or services.