Of the Following Parties to the Assessment Enterprise,which Group Would

question 81

Multiple Choice

Of the following parties to the assessment enterprise,which group would be LEAST likely to have read the Standards?

• A) test developers
• B) test users
• C) testtakers
• D) test publishers

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Definitions:

Financial Statements

Structured reports of an entity's financial activities and condition, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity.

Permanent Accounts

Accounts that carry their ending balances over into the next accounting period and are not closed out, such as assets, liabilities, and equity accounts.

Balance Sheet

A document depicting a corporation’s financial standing at a particular instant, outlining its assets, debts, and owner's equity.

Real Accounts

Accounts that are not closed at the end of the accounting year and include all balance sheet accounts that show the real and permanent financial position of a business.