A Professor Gives a New Test to an Otherwise Normal

question 42

Multiple Choice

A professor gives a new test to an otherwise normal class and finds that only 10 per cent of the students get grades of C or above.What is the most appropriate and fair response?

• A)Revise the grading curve downward
• B)Do nothing
• C)Revise the grading curve upward
• D)Revise the test itself

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Definitions:

Weighted Average Cost

An inventory valuation method that calculates inventory and cost of goods sold based on the average cost of all similar items in inventory.

Profitable Project

A project that generates more revenue than its operating and other costs.

Risk Level

The degree of variability in investment returns, associated with the level of uncertainty in achieving gains or losses.

Equal Risk

A concept suggesting that investments have been adjusted to have a comparable level of risk, allowing for better comparison of returns.