At the End of Her Calculus Course, Madelena Takes a Test

question 152

Multiple Choice

At the end of her calculus course, Madelena takes a test to determine how well she has mastered the material. What type of test would that be?

• A)intelligence test
• B)test of her math potential
• C)achievement test
• D)aptitude test

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Definitions:

Retained Earnings

The portion of a company's profits that is held back and not distributed to shareholders, reinvested in the business.

Net Income

The net income a company earns once all costs and taxes are subtracted from its total revenues.

Dividend

A portion of a company's earnings distributed to its shareholders, typically paid out in cash or additional shares of stock.

Treasury Stock

Shares that were once part of the outstanding shares and have been bought back by the company, reducing the amount of stock on the open market.