Leo Wants to Become a Fighter Pilot,and He Is Asked

question 162

Multiple Choice

Leo wants to become a fighter pilot,and he is asked to complete a test that is designed to determine if he has the interests and the values typically found in fighter pilots.What type of test would be used in this example

• A) Aptitude 
• B) non-standardized 
• C) Achievement 
• D) Personality

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Definitions:

Rate of Return

Gains or losses incurred on an investment over a specifically defined period, formulated as a percentage of the investment’s kickoff cost.

Floating-rate Bonds

Bonds that have a variable interest rate, which adjusts periodically according to a benchmark interest rate or index.

Coupon Rate

The interest rate stated on a bond or other fixed-income security, representing the annual interest paid by the issuer to the bondholder.

Convertible Bond

This is a bond that provides the holder the ability to convert it into a set number of shares of the issuer's stock at agreed-upon times over the bond's term, often by the choice of the investor.