Stanford-Binet Full Scale Scores Are Converted into Nominal Categories Designated

question 99

Multiple Choice

Stanford-Binet Full Scale scores are converted into nominal categories designated by certain cutoff boundaries.For example,an SB-5 measured IQ in the range of 110 to 119 falls into the __________ category.

• A) very gifted
• B) gifted
• C) superior
• D) high average

---

Definitions:

Economic Profit

Profit that accounts for both explicit costs and opportunity costs.

Economic Profit

The financial gain made in a transaction after subtracting both the explicit and implicit costs.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Variable Costs

Costs that change in proportion to the level of output or activity in a business.