What Is the Difference Between Formative and Summative Assessment

question 11

Multiple Choice

What is the difference between formative and summative assessment?

• A) Formative assessment is based on content; summative assessment is based on language.
• B) Formative assessment is teacher-centered; summative assessment is student-centered.
• C) Formative assessment is standards-based; summative assessment is content-based.
• D) Formative assessment monitors progress; summative assessment is used to give grades.

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Definitions:

Nonbinding Price Floor

A minimum price set by law above which the market price can lie, without any impact on the market price because the floor is set below equilibrium.

Quantity Sold

The actual number of units of a product that have been sold in the market over a specific time period, reflecting market demand.

Market Price

The current price at which goods or services are bought and sold in a competitive marketplace.

Price Floor

A floor price established by the government or regulatory authority, representing the lowest legal selling price for a specific product or service.