The Three Basic Requirements of a Scientifically Acceptable Achievement, Aptitude

question 327

True/False

The three basic requirements of a scientifically acceptable achievement, aptitude, or intelligence test are standardization, reliability, and validity.

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Definitions:

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries by making foreign products more expensive compared to local ones.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting the value of an asset in the open market.

Bilateral Trade Agreements

A trade agreement between just two countries.

Most Favored Nation Clause

A clause applying to members of WTO which states that any deal reached between WTO member countries extends to every other member as well.