The Process of Establishing Rules for Administering a Test and for Interpreting

question 125

Multiple Choice

The process of establishing rules for administering a test and for interpreting its scores is known as

• A) validation.
• B) evaluation.
• C) utilization.
• D) standardization.

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Definitions:

Net Seller

An entity or individual that sells more of a security, commodity, or currency than they buy over a specified period.

Endowment

Refers to the total resources available to an individual or institution, including talents, wealth, and assets.

Normal Goods

Goods for which demand increases when consumer income rises, and decreases when consumer income falls, showing a direct relationship between income and demand.

Full Income

The total earnings, including all sources of income and gains, not just wages from employment.