Regarding Giftedness, Which of the Following Statements Is FALSE

question 103

Multiple Choice

Regarding giftedness, which of the following statements is FALSE?

• A)When people score in the gifted range, their chances for high achievement do seem to rise.
• B)A high IQ reveals potential, but does not guarantee success.
• C)IQ is a good predictor of success in art, music, writing, dramatics, science, and leadership.
• D)A child's talents are most likely to blossom when they are nurtured with support, encouragement, education, and effort.

Distinguish between operating, investing, and financing activities in the context of cash flows.

Understand the definition and purpose of the statement of cash flows.

Differentiate between operating, investing, and financing activities.

Identify the classification of cash receipts and payments according to the statement of cash flows.

---

Definitions:

Crowding-out Effect

A situation where increased government spending leads to a reduction in private sector spending, either through higher taxes, higher interest rates, or borrowing.

Crowding-out Effect

A situation where increased government spending leads to a reduction in private sector investment.

Multiplier Effect

An economic phenomenon where an increase in spending produces an increase in national income and consumption greater than the initial amount spent.

Aggregate Demand

The aggregate market demand for goods and services in an economic environment, valued at a specific price level within a certain timeframe.