A Standardized Test Includes Which of the Following Characteristics

question 2

Multiple Choice

A standardized test includes which of the following characteristics?

• A) conversion of raw scores to z scores
• B) designed by classroom teachers
• C) large standard deviation
• D) scores reported according to norms

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Definitions:

Contribution Margin Ratio

The percentage of each sales dollar that contributes to covering fixed costs and generating profit.

Products

Goods or services that are created through a business process and offered in the market to satisfy the needs or wants of customers.

Predetermined Overhead Rate

This is a rate calculated before the accounting period begins, used to allocate manufacturing overhead costs to products.

Machine-Hours

A measure of the amount of time machinery is in operation, commonly used as a basis for allocating machine related costs to products.