Intelligence-Test Items That Are Most Similar to Those on Achievement

question 35

Multiple Choice

Intelligence-test items that are most similar to those on achievement tests are items that assess

• A) generalization.
• B) discrimination
• C) general knowledge.
• D) sequencing.

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Definitions:

Customer Refunds Payable

Liabilities owed to customers for products returned or services not satisfactorily rendered.

Merchandise Inventory

The total value of a retailer's goods that are available for sale to customers, including items purchased from suppliers and items ready for sale.

Sales Discount

A reduction in the price of goods or services offered to customers, usually to prompt early payment or bulk purchases.

FOB Shipping Point

A shipping term indicating that the buyer takes responsibility for loss or damage once the goods are shipped, and pays the shipping cost.