Alfred Binet's Test Was Revised for Use in North America

question 30

Multiple Choice

Alfred Binet's test was revised for use in North America and renamed the Stanford-Binet test in 1916 by

• A)Robert Sternberg.
• B)David Wechsler.
• C)Howard Gardner.
• D)Lewis Terman.

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Definitions:

Payback Periods

The length of time required to recoup the initial investment in a project or investment, measured in years or months.

Higher Risk

Refers to the increased likelihood of experiencing a loss or encountering a negative outcome in an investment or other business activity.

Hurdle Rate

The minimum acceptable rate of return on an investment that a manager or company would consider in order to pursue the project.

Accounting Rate of Return

A financial ratio that measures the expected profit from an investment compared to its initial cost.