Culture-Specific Tests of Intelligence

question 37

Multiple Choice

Culture-specific tests of intelligence

• A) have been empirically demonstrated to be a more valid measure of intellectual development of minority group members than conventional tests.
• B) are most useful for predicting employment success when administered to prospective job applicants who are members of minority groups.
• C) are usually normed exclusively on majority group members.
• D) None of these

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Definitions:

Negative Earnings Surprises

Occurs when a company reports lower earnings than analysts' estimates, leading to potential stock price decline.

Abnormal Return

A financial term describing the difference between a security's expected return and its actual return, often due to unexpected news or events.

Price Drift

A slow movement in the price of a security, which can be upwards or downwards, often in response to systemic factors.

Technical Analysts

Financial experts who evaluate securities by analyzing statistics generated by market activity, such as past prices and volume.