Tests Are Categorized as

question 1

Multiple Choice

Tests are categorized as

• A) level 1, 2, or 3, depending on how difficult it is to administer the test.
• B) level A, B, and C, depending on how much testing-related knowledge is necessary to administer the test.
• C) level alpha, beta, or gamma, depending on how many years of education are required by testtakers to be admitted for testing.
• D) "thumbs up" or "thumbs down" by the APA Council on Testing.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.

Revenue Accounts

Accounts recording the income a company generates from its operations, not related to its investments or other sources.

Gain Accounts

Accounts reflecting increases in equity, other than those relating to contributions from equity participants, typically from transactions and other events affecting the entity.