Thomas Sowell Studied the Scores of Categories of People in Intelligence

question 5

Multiple Choice

Thomas Sowell studied the scores of categories of people in intelligence tests and concluded that:

• A) people's culture explains much variation in intelligence test scores.
• B) all individuals have the same intelligence.
• C) all categories of people have the same average test performance.
• D) All of the above are correct.

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Definitions:

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the goal of shareholder value maximization, such as new machinery, replacement of machinery, new plants, and research development projects.

Straight-Line Depreciation

An approach for distributing the cost of a physical property over its useful life in uniform annual sums.

Straight-Line Depreciation

A strategy for apportioning the cost of an asset consistently throughout its period of use.

Capital Budgeting

The process of evaluating and selecting long-term investments that are consistent with the firm's goal of value maximization.