All of the Following Are Assumptions of Both Market and Public-Sector

question 29

Multiple Choice

All of the following are assumptions of both market and public-sector decision making EXCEPT

• A) Decisions are based on majority rule.
• B) Decisions are motivated by individuals' self-interest.
• C) Opportunity costs exist in decisions.
• D) Choices reflect incentives faced by decision makers.

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Definitions:

Criterion-related Validity

The extent to which a measure is related to an outcome, assessing the practicality and effectiveness of a test by comparing it with external criteria.

Correlating Scores

The process of assessing the relationship or association between two or more variables or sets of data.

Alfred Binet

A French psychologist best known for developing the first intelligence test to assist in identifying schoolchildren needing special education.

Intelligence Tests

Standardized tests designed to measure human intelligence, cognitive abilities, and potential.