Examlex
We know that making tests amenable to machine scoring was NOT a factor in the early development of multiple-choice tests because -
Economic Profit
The difference between total monetary revenue and the total costs of inputs (including opportunity costs), representing the financial gain exceeding the economic opportunity lost.
Normal Rate
The standard or usual rate for a task or service, often related to wages or interest.
Cost Per Bushel
A measure of the expenses incurred to produce a bushel of an agricultural product, such as grains.
Profit
The financial gain realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
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