Which Provision of the New York Truth in Testing Law

question 11

Multiple Choice

Which provision of the New York Truth in Testing Law is most controversial?

• A)Requiring that test makers disclose all validity studies
• B)Disclosing the method by which scores are calculated, even when proprietary methods are used in the computation.
• C)Disclosing the meaning of test scores.
• D)Providing a copy of the test questions, correct answers, and student's answers when asked by the student to do so

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Definitions:

Economic Profit

The difference between total revenue and total economic costs (including both explicit and implicit costs), reflecting a firm's financial performance.

Perfectly Competitive

A market structure characterized by many buyers and sellers, no barriers to entry, and a homogeneous product.

Long Run

A period in economics where all factors of production and costs are variable, allowing for full industry adjustment.

Economic Profits

The disparity between a company's overall income and the sum of its explicit and implicit expenses.