The SAT Is a Psychometric Test,which Means That It Is

question 127

Multiple Choice

The SAT is a psychometric test,which means that it is

• A) an intelligence test that gives an IQ score based on a person's performance.
• B) an achievement test that reveals what knowledge and skills a person has.
• C) definitely valid but may not be reliable.
• D) a standardized test that is administered the same way for all students and scored objectively.

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Definitions:

Operating Leverage

A measure of how sensitive a company's operating income is to a change in its sales volumes, reflecting the proportion of fixed costs in a company's cost structure.

Financial Break-Even

The point at which total revenues equal total costs and expenses, resulting in neither profit nor loss.

Salvage Value

The estimated residual value of an asset at the end of its useful life.

Cash Break-Even

The point at which a business's cash inflows equal its cash outflows, excluding financing or investment income.