Sandra Is Taking a Test with Her Classmates

question 58

Multiple Choice

Sandra is taking a test with her classmates.All students must follow the same rules,have the same allotted time,and are not allowed to talk or leave the room until the test is finished.Sandra is taking a(n) ______ test.

• A)standardized
• B)informal
• C)restricted
• D)rules based

---

Definitions:

Capital

Refers to financial assets or their financial value, as well as the tangible factors of production that are used to create other goods and services.

After-Tax Cost

The actual cost of an expense or investment after taking into account the effects of taxes.

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, usually with interest.

Tax Rate

The share of profits or income that individuals or companies must pay to the government as taxes.