The Expected Level of Chance Performance, for a 200-Item Multiple-Choice

question 70

Multiple Choice

The expected level of chance performance, for a 200-item multiple-choice exam with four choice alternatives, is

• A)25 correct.
• B)50 correct.
• C)75 correct.
• D)100 correct.

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Definitions:

Return on Assets

A financial metric that assesses a firm's ability to generate earnings from its assets, determined by dividing its net income by its overall assets.

Earning Per Share

The earnings a company makes per share of its common stock outstanding, signifying how profitable the company is.

Total Equity

The value left in a company after deducting total liabilities from total assets, representing the ownership value in the company.

Profit Margin

A financial metric expressed as a percentage, indicating how much of each dollar in revenue is translated into profit.