The Challenges in Evaluating Essay Tests Include Being Clear with Students

question 139

Short Answer

The challenges in evaluating essay tests include being clear with students about the __________ for grading and then applying them fairly and consistently.

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Definitions:

Money

A medium of exchange, unit of account, and store of value that facilitates transactions and measures the value of goods and services.

Worthless

Describes an item that has no value, utility, or financial gain.

Exercise Price

The specified price on an option contract at which the option holder can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.

2-for-1 Split

A stock split in which a company divides its existing shares into two, reducing the price per share while keeping the total market capitalization the same.