Regarding Giftedness and Success, Which of the Following Statements Is

question 507

Multiple Choice

Regarding giftedness and success, which of the following statements is FALSE?

• A)The likelihood of outstanding achievement is not any higher for those with IQ scores in the gifted range than for those with IQs in the average range.
• B)High IQ reveals potential, but does not guarantee success.
• C)Having a lower IQ does not guarantee failure.
• D)What you do is always more important than what you should be able to do.

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Definitions:

Marginal Cost

The incremental cost of producing one more unit of a good or service.

Assembly Cost

The total expense incurred in putting together the components or parts of a product, typically in manufacturing.

Optimal Transfer Price

The price set for goods or services sold between divisions within the same company to maximize overall company profit.

Competitive Market

A market structure characterized by a large number of buyers and sellers, similar products, and easy market entry and exit, leading to competitive prices.