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Discuss the use of performance tests as a means of assessing student learning. In your answer, describe the general goal of performance testing, describe the four general types of performance tests, and discuss at least five characteristics of performance tests.
ROA
Return on Assets, a financial ratio indicating how profitable a company is relative to its total assets.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
Total Assets
The sum of all current and non-current assets owned by a company.
Profit Margin
A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, highlighting a company’s profitability.
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