A Test That Has Been Designed to Predict a Person's

question 73

Multiple Choice

A test that has been designed to predict a person's probable future achievements or success is known as a(n) __________ test.

• A)intelligence
• B)standardized
• C)aptitude
• D)achievement

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Definitions:

Purchase Discount

A reduction in the purchase price, offered by the seller to the buyer, as an incentive for early payment.

Terms 2/10 n/30

Payment terms indicating a 2% discount if paid within 10 days, otherwise the full amount is due within 30 days.

Physical Inventory Count

An assessment method where a business physically counts its entire inventory to verify stock records and accounts.

Perpetual Inventory System

An inventory management method where updates to inventory records are made in real-time following each receipt or sale of inventory items.