Which of the Broad Categories of Achievement Tests Does the Text

question 9

Multiple Choice

Which of the broad categories of achievement tests does the text deliberately NOT treat in detail?

• A) certification and licensing exams
• B) single-area achievement tests
• C) individual achievement tests
• D) teacher-made tests

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Definitions:

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders, but retained by the company to be reinvested in its core business or to pay debt.

Permanent Account

Accounts that carry their ending balances over into the next accounting period, typically including assets, liabilities, and equity accounts.

Statement Of Changes

A financial statement that shows how a company's equity has changed during a specific period due to various factors like profits, losses, and dividend payments.

Shareholders' Equity

The residual interest or ownership held by investors in the assets of a corporation after deducting all its liabilities.