Before a New Test Can Be Considered "Standardized," What Must

question 111

Multiple Choice

Before a new test can be considered "standardized," what must its authors do?

• A)Demonstrate that the reliability is at least 0.95.
• B)Make the test freely available to anyone who wishes to use it.
• C)Determine the norms for the test scores.
• D)Compare the test to other widely used tests in the same field.

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Definitions:

Revenue Recognition

The process by which companies document and account for their income, specifically defining when and under what circumstances revenue is considered earned.

Manage Earnings

This involves legal and possibly unethical financial reporting strategies to make a company's financial condition appear more favorable than it actually is.

Generally Accepted Accounting Principles

A framework of accounting standards, principles, and procedures that companies must follow when compiling their financial statements in the U.S.

Stringent Rules

Strict and precise regulations or guidelines that must be followed, often used in contexts such as legal, financial, and quality control processes.