Regarding Short-Answer Tests, Such as Fill-In-The-Blank or Define a Term

question 149

Multiple Choice

Regarding short-answer tests, such as fill-in-the-blank or define a term, which of the following statements is FALSE?

• A)Short-answer tests are less difficult than other types of tests because the questions themselves often contain information that will help answer the question.
• B)The best way to prepare for short-answer tests is to overlearn the details of the course.
• C)As you study for short-answer tests, it is best to pay attention to the lists of related terms.
• D)When taking a short-answer test, it is best to start with questions you are sure you know, followed by those you probably know.

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Definitions:

Trading Securities

Financial instruments that are purchased and held primarily for selling them in the near term, with the objective of generating profits on short-term price differences.

Available-For-Sale Securities

Debt or equity securities not classified as held-to-maturity or trading securities, measured at fair value with changes recognized in other comprehensive income.

Realized Gain

is the profit made from selling an asset at a higher price than its purchase cost, officially recognized once the transaction is completed.

Fair Value

The value obtained for disposing of an asset or incurred in transferring a liability during a regulated deal among market entities on the date of measurement.