Utility chapter

Question 1

Test utility

Answer 1

Practical value of using a test to aid in decision making

Question 2

Cost

Answer 2

Disadvantages, losses, or expenses in both economic and noneconomic terms

Question 3

Costs of testing

Answer 3

Purchase a test, blank test protocols, computerized test processing, scoring, interpretation from test publisher or service
Pay professionals to administer, score, interpret tests, facility rental or mortgage, insurance etc costs of doing business

Question 4

Utility analysis

Answer 4

A family of techniques that entail a cost-benefit analysis designed to yield information relevant to a decision about the usefulness or practical value of a tool of assessment