A Surety Bond That Ensures a Property Owner of the Completion

question 38

Multiple Choice

A surety bond that ensures a property owner of the completion of a construction contract or payment of actual damages to the extent of the bond in the event that the contractor fails to complete it is called a _____ bond:

• A) judicial
• B) fidelity
• C) chattel
• D) codicil
• E) performance

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Definitions:

Test-retest Reliability

A measure of consistency in the results of a test administered to the same individuals at two different points in time.

Normal Curve

A symmetrical, bell-shaped curve that describes the distribution of many types of data where most of the data points are close to the mean.

Standard Deviation

A statistical measure of the dispersion or variation in a set of numbers, indicating how much the individual numbers in a dataset differ from the mean or average.

Raw Scores

Raw scores are the initial, unadjusted scores received on a test or assessment, before any normalization or transformation is applied.