A Test or Any Assessment Instrument Is Objective to the Extent

question 18

Multiple Choice

A test or any assessment instrument is objective to the extent that it

• A)is free of biases of the test administrators and scorers.
• B)measures only a very few variables at a time.
• C)predicts an important and realistic criterion.
• D)yields the same score each time an individual takes it.

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Definitions:

Barriers to Entry

These are obstacles that prevent new competitors from easily entering an industry or area of business.

Oligopoly

A market structure characterized by a small number of firms that have significant control over market prices and competition.

Interdependence

The mutual reliance among businesses, individuals, industries, or economies, where the actions of one participant affect the outcomes of another.

Rivals

Competitors within the same industry or market that vie for the same customer base.