The Annual Tests Children Take to Measure Knowledge of School

question 9

Multiple Choice

The annual tests children take to measure knowledge of school subjects are called _____ tests.

• A) achievement
• B) aptitude
• C) diagnostic
• D) intelligence

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Definitions:

Fiscal Year

A one-year period used by governments and businesses for accounting and financial reporting, which may or may not align with the calendar year.

Depreciation Expense

Spreading out the expense of a physical asset over the period it's in use.

Operating Activities

Components of a business's cash flow statement that relates to its core operations, including cash received from sales and cash paid for goods and services.

Net Income

The amount of money remaining after all operating expenses, taxes, and other costs have been subtracted from total revenue.