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Differentiate between internal reference pricing and external reference pricing and briefly describe five different pricing strategies,giving an example of each.
Vocational-Interest Test
An assessment tool used to identify a person's preferences and interests in relation to various careers or occupations.
Test Administrator
An individual who oversees the administration of tests, ensuring that testing procedures are followed and that conditions are controlled and fair.
Objective Tests
Tests designed to measure an individual's knowledge or ability in a specific area, where answers are scored without bias.
Projective Tests
Psychological assessments where individuals respond to ambiguous stimuli, revealing hidden emotions and internal conflicts.
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