What Is the Primary International Test of Science and Math

question 126

Multiple Choice

What is the primary international test of science and math?

• A) PIRLS
• B) IATS
• C) TIMSS
• D) SAT

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Definitions:

Equivalent Units

A concept used in process costing that converts partially completed units into a number of complete units with regards to work done or costs incurred.

Beginning Inventory

The value of a company's inventory at the start of an accounting period.

Weighted Average Method

An inventory costing method that calculates cost of goods sold and ending inventory based on the weighted average cost of all items available for sale.

Inventory Costs

Expenses associated with ordering, storing, and managing inventory, including cost of goods sold, storage, and insurance.