In 2017, the Educational Testing Service (ETS)charged $54

question 13

Multiple Choice

In 2017, the Educational Testing Service (ETS) charged $54.50 to take the Scholastic Aptitude Test (SAT) but $205 to take the Graduate Record Exam (GRE) .One reason for this difference in price is

• A)more people took the SAT than the GRE in 2015.
• B)the GRE is a longer test with more questions.
• C)an average, those who take the GRE have higher incomes than those who take the SAT.
• D)the ETS faces competition in the market for the SAT but no competition for the GRE.

---

Definitions:

Commercially Impracticable

A legal principle that excuses a party from fulfilling a contract if unforeseen events make it extremely difficult or costly to do so.

Major Reconstruction

Involves significant rebuilding or making extensive repairs to a structure or infrastructure, usually to restore its usability or to improve its functionality.

Fixtures

Items that are originally personal property but become real property when attached in a permanent manner to real estate.

Furnishings

Items designed to make a space such as a room or building suitable for living or working in, including furniture, floor coverings, and decorations.