You Want Your Final Test to Have 50 Items

question 41

Multiple Choice

You want your final test to have 50 items. What recommendation does the text make regarding the number of items to be prepared for item tryout?

• A) 55-60
• B) 75
• C) 100-150
• D) 500

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Definitions:

Installment Sales

Revenue recognition method allowing income to be realized at the time of sale but received through regular payments over time.

Contingent Liability

A potential financial obligation that may arise depending on the outcome of a future event.

Nontaxable Life Insurance

A type of life insurance policy where the proceeds paid on death or the cash value accumulation during the policyholder's lifetime are not subject to income taxes.