Why Is Standardization of a Test Necessary

question 8

Multiple Choice

Why is standardization of a test necessary?

• A) to be sure a test is reliable
• B) to be sure a test is valid
• C) to provide an index of heritability
• D) to provide a way to interpret performance

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Definitions:

Prospectus Approval

The process of getting approval from regulatory authorities for a document offering securities or financial instruments for sale, detailing terms and conditions.

Investment Bank

An organization that assists companies in issuing securities and selling them to investors.

Market

A place or mechanism where buyers and sellers can trade goods, services, securities, or other items of value.

Securities

Financial instruments that represent ownership positions in publicly-traded corporations (stock), creditor relationships with governmental bodies or corporations (bonds), or rights to ownership as represented by an option.