A(n) __________ Is a Physiological or Psychological Deficiency That a Person

question 72

Multiple Choice

A(n) __________ is a physiological or psychological deficiency that a person wants to satisfy.*

• A) wish
• B) need
• C) expense
• D) Hawthorne effect

Recognize the significance of validity and reliability in assessment techniques.

Appreciate the impact of cross-cultural considerations in informal assessment procedures.

Identify the importance of interrater reliability.

Examine the practicality concerns associated with various assessment techniques.

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Definitions:

Profit-maximizing

The process or strategy of adjusting production and prices to achieve the highest possible profit, taking into account costs and market demand.

Marginal Product

The additional output that results from using one more unit of a particular input, holding all other inputs constant.

Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee, especially to manual or unskilled workers.

Diminishing Returns

A principle stating that adding an additional factor of production results in smaller increases in output.