Maria Was Administered an IQ Test in Fourth Grade

question 33

Multiple Choice

Maria was administered an IQ test in fourth grade. She received an overall score of 135 on this test (which is more than two standard deviations above average) . On the basis of this score, we can infer that Maria

• A) will probably do very well as she moves through the school system.
• B) will be successful at any career she chooses.
• C) will have fewer life crises than most other people.
• D) has no learning disabilities.

---

Definitions:

Inventory Cost Formula

The method used to determine the cost of goods sold, such as First-In, First-Out (FIFO), Last-In, First-Out (LIFO), or Average Cost method.

Physical Flow

This term refers to the actual movement of goods in and out of a warehouse or production facility.

Fiscal Year

A 12-month period used for calculating annual financial statements in businesses and other organizations, differing from the calendar year.

Specific Identification

An inventory costing method where the cost of each specific item in inventory is identified and assigned to that item.