A "High Stakes" Test Is One Where the Results

question 31

Multiple Choice

A "high stakes" test is one where the results

• A)are used to help make decisions about promotion and/or graduation.
• B)count for more points than other tests in the semester.
• C)are not linked to the district's or the state's educational standards.
• D)have little relationship to accountability systems.

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Definitions:

Short-Run Profits

Earnings that occur when a firm can cover its variable costs, occurring in a period short enough that at least one input is fixed.

Diversity

The representation and inclusion of individuals from a variety of backgrounds, perspectives, and experiences in a group or organization.

Tacit Collusion

An unspoken, non-explicit agreement among competitors to maintain prices at a certain level or to not compete on certain aspects, without direct communication.

Few Firms

A market condition characterized by a small number of companies, often leading to an oligopolistic competition where each firm's actions can significantly impact the market.