Examlex
Raters who are going to judge student projects at a science fair have to attend several sessions at which they learn about the rating scales they will use, and they will have opportunities to view examples of good versus poor science fair projects. This type of training is known as:
Even Dollar Increments
A pricing strategy where goods or services are priced in whole dollar amounts rather than including cents.
Complete Stranger
A person whom one does not know or with whom one is not familiar.
Expected Loss
The predicted amount of loss a business might suffer due to risks, calculated as the sum of all possible losses multiplied by their respective probabilities.
Weak Axiom
A principle used in consumer choice theory that stipulates if a consumer chooses bundle A over bundle B when both are affordable, then the consumer should not choose B over A when prices change, holding income constant.
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