Exhibit 8-7:Choose the Type of Instrument That Corresponds with the Major

question 8

Multiple Choice

Exhibit 8-7:Choose the type of instrument that corresponds with the major concern about its use.
-Refer to Exhibit 8-7.Do I have the skill to administer and interpret the instrument?

• A) achievement test
• B) projective personality test
• C) rating scale
• D) aptitude test

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Definitions:

Discounted

The process of determining the present value of a payment or a series of payments made in the future, using a specific discount rate.

9%

Typically refers to a specific interest rate or percentage in financial contexts, such as a loan interest rate or investment return rate.

Annual Rate

The interest rate for a period of one year, often used to compare the yield of financial products or loans.

Retirement

The act of leaving one's job and ceasing to work, typically upon reaching a certain age, with various financial implications for pensions and savings.