What Does It Mean If a Test Is Normed on a Group

question 13

Multiple Choice

What does it mean if a test is normed on a group that is representative of the population?

• A)the majority culture was taken into consideration
• B)the test is as free from cultural bias as possible
• C)age and ethnicity were considered but not biological sex
• D)the test yields higher rates of psychopathology for minorities

Understand the impact of income taxes on project cash flows and profitability.

Calculate the total cash flow net of income taxes for a given project year.

Apply the concept of discounting to evaluate the present value of future cash flows.

Determine the effect of one-time expenses on project cash flows and tax liabilities.

---

Definitions:

Double-Declining-Balance Method

A method of accelerated depreciation that doubles the straight-line depreciation rate and applies it to the remaining book value each year.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.

High Technology

Refers to the most advanced technology available, often characterized by innovative, cutting-edge developments in fields such as information technology, robotics, and biotechnology.

Goodwill

An intangible asset that arises when a business is acquired for more than the sum of the fair value of its identifiable tangible and intangible assets and liabilities.