In the Context of Measurement of Personality, Which of the Following

question 21

Multiple Choice

In the context of measurement of personality, which of the following is a characteristic of objective tests?  

• A)They allow the respondents a wide range of responses. 
• B)They typically do not have true and false format of questions. 
• C)They present the respondents with questions that do not have clear specified answers. 
• D)They present respondents with a standardized group of test items.

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Definitions:

Marginal Revenue

The increase in revenue resulting from the sale of one additional unit of product.

Demand Schedule

A table that shows the quantity of a good or service demanded at different prices.

Natural Monopolist

A single firm that can supply a good or service to an entire market at a lower cost than could two or more firms, leading to a natural monopoly situation.

LRAC Curve

The Long-Run Average Cost curve, showing the lowest average cost at which a firm can produce any given level of output in the long run when all inputs are variable.