As Part of the Process of Test Development,the Term Test

question 124

Multiple Choice

As part of the process of test development,the term test revision BEST refers to the

• A) rewording, deletion, or development of new items.
• B) development of a completely new test.
• C) reprinting of a test after a previous edition has sold out.
• D) Both rewording, deletion, or development of new items and development of a completely new test.

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Definitions:

Average Daily Float

The average amount of uncollected checks in the process of clearing, representing the gap between bank records and available funds.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a named party.

Collection Delay

The time it takes for a business to receive payments owed by its customers after the sale or service has been delivered.

Miller-Orr Model

A model used in financial management to manage cash flows and liquidity levels, determining the optimal cash balance levels.