What Must Be True in Order for a Test to Be

question 38

Short Answer

What must be true in order for a test to be considered "biased"? Is it possible for a test to be biased if it produces similar scores in different groups of people? Explain.

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Definitions:

Perpetual Inventory

An inventory system that keeps real-time records of inventory levels and cost of goods sold using technology and scanning systems.

Account Payable

An obligation or debt owed by a business to its suppliers for goods or services received.

Defaulted Note

A debt instrument that has not been repaid according to the agreed terms, indicating the borrower has failed to meet its obligations.

Discount Period

The time frame in which a discount is available or the period between a debt's issuance and its maturity during which a discount is applied.