The Purpose of the First Standardized Intelligence Test Was To

question 99

Multiple Choice

The purpose of the first standardized intelligence test was to:

• A) measure IQ scores to determine genius-level abilities in children.
• B) identify children who were at risk of falling behind in school.
• C) create separate classrooms for high- and low-intelligence children.
• D) compare people of different racial and ethnic backgrounds.

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Definitions:

Payback Method

An investment appraisal technique that calculates the time needed for an investment to generate cash flows sufficient to recover the initial cost.

Weighted Average Cost of Capital (WACC)

A calculation of a company's cost of capital in which each category of capital (debt, equity) is proportionally weighted.

Internal Rate of Return (IRR)

IRR is a financial metric used to estimate the profitability of investments, calculated as the rate of return that sets the net present value of all cash flows from a particular project to zero.

Payback Period

The duration required for an investment to recover its initial outlay, calculated by dividing the initial investment by the annual cash inflows.