Test Standardization Includes Formalizing Testing Procedures and Establishing

question 34

Multiple Choice

Test standardization includes formalizing testing procedures and establishing

• A)norms.
• B)percent variance.
• C)split-half validity.
• D)culture-fairness.

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Definitions:

Prepaid Insurance

An expense paid in advance for insurance coverage, recorded as a current asset on the balance sheet until the coverage period elapses.

Posting Reference

A code or number used in ledger accounts that links journal entries to the specific accounts affected, facilitating traceability and audit processes.

Journal

A journal in accounting refers to a detailed record of all the financial transactions of a business, showing the debits and credits for each transaction.

Trial Balance

An accounting worksheet compiling all ledger balances into debit and credit columns that balance equally.