What Is True of a "Standardized" Test,compared to Other Tests

question 74

Multiple Choice

What is true of a "standardized" test,compared to other tests?

• A)Someone has established the norms for interpreting the test scores.
• B)The test attempts to measure a specialized type of ability.
• C)The test is used at many places throughout the country, if not the world.
• D)The test has higher reliability and validity than similar tests in its field.

Understand the importance of market share and market size in valuing companies.

Understand the difference between an idea and an opportunity in the context of entrepreneurship.

Calculate the increase in sales needed to cover an increase in fixed costs, maintaining current gross margin.

Assess the role of personal risk/reward tolerance in evaluating venture opportunities.

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Definitions:

Reinforcement

In behavior psychology, a consequence that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Operant Conditioning

The method of transforming behavior intensity by administering either reinforcements or punishments.

Shaping

A method of training by which successive approximations toward a desired behavior are reinforced.

Withholding Reinforcement

is a behavioral strategy where a positive outcome or reward is not given, aiming to decrease or eliminate a certain behavior.