What Is the WISC

question 16

Multiple Choice

What is the WISC?

• A)A special educational program designed to improve children's IQs so that they can attend a selective school
• B)A clinical test used for diagnosing developmental disorders
• C)A statistical technique for determining the degree of relatedness in the IQ scores of identical twins
• D)A general commercially available IQ test
• E)An intelligence test for children

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Definitions:

Cash Basis

An accounting method where revenue and expenses are recognized only when cash is received or paid out, respectively.

Receivables

Money owed to a company by its customers or clients for goods or services provided that have not yet been paid for.

Payables

Payables, also known as Accounts Payable, are liabilities of a company that represent money owed to creditors for goods and services received but not yet paid for.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.